OLD National Bancorp IN Has $299,000 Stock Position in UBS Group AG (NYSE:UBS)

OLD National Bancorp IN reduced its holdings in shares of UBS Group AG (NYSE:UBS) by 6.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,677 shares of the bank’s stock after selling 673 shares during the period. OLD National Bancorp IN’s holdings in UBS Group were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in UBS Group during the fourth quarter worth about $28,000. Cary Street Partners Investment Advisory LLC boosted its holdings in UBS Group by 61.8% during the third 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 last quarter. Naples Money Management LLC purchased a new position in UBS Group during the fourth quarter worth about $51,000. Harvest Fund Management Co. Ltd boosted its holdings in UBS Group by 118.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock worth $46,000 after purchasing an additional 1,013 shares during the last quarter. Finally, WASHINGTON TRUST Co purchased a new position in UBS Group during the third quarter worth about $48,000.

Wall Street Analyst Weigh In

Several brokerages have commented on UBS. StockNews.com raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. 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, the company currently has an average rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS opened at $27.49 on Friday. UBS Group AG has a fifty-two week low of $18.71 and a fifty-two week high of $32.13. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 4.23. The stock has a fifty day moving average of $29.65 and a 200-day moving average of $28.26.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a net margin of 43.70% and a return on equity of 7.56%. UBS Group’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.12 EPS for the current fiscal year.

UBS Group Increases Dividend

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

UBS Group Profile

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.