Schechter Investment Advisors LLC Has $1.09 Million Position in UBS Group AG (NYSE:UBS)

Schechter Investment Advisors LLC lowered its holdings in shares of UBS Group AG (NYSE:UBS) by 22.2% during the fourth quarter, Holdings Channel reports. The firm owned 35,372 shares of the bank’s stock after selling 10,091 shares during the period. Schechter Investment Advisors LLC’s holdings in UBS Group were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Syntal Capital Partners LLC bought a new position in UBS Group in the 3rd quarter worth $515,000. Renaissance Technologies LLC bought a new position in shares of UBS Group during the 2nd quarter worth about $20,136,000. NatWest Group plc increased its holdings in shares of UBS Group by 43.1% during the 4th quarter. NatWest Group plc now owns 74,947 shares of the bank’s stock worth $2,316,000 after purchasing an additional 22,562 shares during the period. Signaturefd LLC increased its holdings in shares of UBS Group by 13.9% during the 3rd quarter. Signaturefd LLC now owns 64,633 shares of the bank’s stock worth $1,593,000 after purchasing an additional 7,903 shares during the period. Finally, Cibc World Market Inc. increased its holdings in shares of UBS Group by 0.7% during the 2nd quarter. Cibc World Market Inc. now owns 383,215 shares of the bank’s stock worth $7,745,000 after purchasing an additional 2,566 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Finally, StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

UBS Group Price Performance

NYSE:UBS opened at $31.40 on Thursday. The firm has a market cap of $109.27 billion, a PE ratio of 3.50, a price-to-earnings-growth ratio of 3.75 and a beta of 1.14. UBS Group AG has a 12 month low of $18.71 and a 12 month high of $32.13. The company has a quick ratio of 1.23, a current ratio of 1.10 and a debt-to-equity ratio of 4.17. The company’s 50-day moving average price is $29.39 and its two-hundred day moving average price is $27.64.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.53% and a net margin of 43.70%. The company’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts anticipate that UBS Group AG will post 1.06 EPS for the current fiscal year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, May 2nd will be paid a $0.228 dividend. This represents a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. This is an increase from UBS Group’s previous annual dividend of $0.18. UBS Group’s dividend payout ratio is presently 2.45%.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.