Cerity Partners LLC Sells 37,158 Shares of UBS Group AG (NYSE:UBS)

Cerity Partners LLC lowered its position in UBS Group AG (NYSE:UBS) by 28.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 91,822 shares of the bank’s stock after selling 37,158 shares during the quarter. Cerity Partners LLC’s holdings in UBS Group were worth $2,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Berbice Capital Management LLC bought a new position in shares of UBS Group in the fourth quarter worth about $27,000. Rakuten Securities Inc. bought a new position in UBS Group in the 4th quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in UBS Group during the 4th quarter valued at approximately $33,000. Versant Capital Management Inc bought a new stake in shares of UBS Group during the fourth quarter valued at approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of UBS Group in the fourth quarter worth $41,000.

UBS Group Stock Performance

NYSE UBS opened at $28.70 on Tuesday. The business’s 50 day moving average price is $31.95 and its 200-day moving average price is $32.09. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The company has a market cap of $92.02 billion, a P/E ratio of 18.88 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. Sell-side analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio is currently 14.47%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBS. Bank of America downgraded shares of UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.