UBS Group AG (NYSE:UBS) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC lowered its position in UBS Group AG (NYSE:UBS) by 6.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,688 shares of the bank’s stock after selling 1,060 shares during the period. Gallacher Capital Management LLC’s holdings in UBS Group were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new stake in shares of UBS Group in the fourth quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its position in UBS Group by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after purchasing an additional 512 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of UBS Group by 118.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock valued at $46,000 after buying an additional 1,013 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of UBS Group by 91.2% in the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after buying an additional 736 shares during the period. Finally, Naples Money Management LLC purchased a new stake in shares of UBS Group in the fourth quarter worth about $51,000.

UBS Group Stock Up 1.3 %

NYSE:UBS traded up $0.35 during trading hours on Friday, reaching $27.17. 2,124,016 shares of the company were exchanged, compared to its average volume of 2,662,705. The stock’s 50-day moving average is $29.54 and its 200-day moving average is $28.41. UBS Group AG has a twelve month low of $18.71 and a twelve month high of $32.13. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10.

UBS Group (NYSE:UBS) last issued 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). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The company had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. Research analysts expect that UBS Group AG will post 0.78 EPS for the current fiscal year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, May 2nd were paid a $0.228 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This is a positive change from UBS Group’s previous annual dividend of $0.18. This represents a dividend yield of 0.82%. UBS Group’s payout ratio is currently 2.56%.

Analyst Upgrades and Downgrades

UBS has been the subject of several recent research reports. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Finally, BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.