Raymond James Financial Services Advisors Inc. Sells 961 Shares of UBS Group AG (NYSE:UBS)

Raymond James Financial Services Advisors Inc. lessened its stake in shares of UBS Group AG (NYSE:UBS) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 28,825 shares of the bank’s stock after selling 961 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in UBS Group were worth $891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBS. Anchor Investment Management LLC bought a new position in shares of UBS Group during the 4th quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC raised its position in shares of 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 valued at $33,000 after buying an additional 512 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position 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 in the last quarter. First Manhattan Co. purchased a new stake in shares of UBS Group during the 4th quarter valued at about $47,000. Finally, WASHINGTON TRUST Co purchased a new stake in shares of UBS Group during the 3rd quarter valued at about $48,000.

Wall Street Analyst Weigh In

UBS has been the topic of several recent research reports. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of “Moderate Buy”.

UBS Group Stock Down 1.1 %

UBS Group stock opened at $28.42 on Tuesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09. UBS Group AG has a 1-year low of $18.71 and a 1-year high of $32.13. The company’s 50-day moving average is $29.62 and its 200 day moving average is $28.11.

UBS Group (NYSE:UBS) last posted its quarterly earnings data 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 return on equity of 7.56% and a net margin of 43.70%. The firm had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. During the same period last year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities research analysts anticipate that UBS Group AG will post 1.11 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be given a $0.228 dividend. This is a positive change from UBS Group’s previous annual dividend of $0.18. This represents a yield of 0.82%. The ex-dividend date is Wednesday, May 1st. UBS Group’s dividend payout ratio is 2.00%.

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.