Gallacher Capital Management LLC Sells 1,060 Shares of UBS Group AG (NYSE:UBS)

Gallacher Capital Management LLC cut its position in shares of UBS Group AG (NYSE:UBS) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Anchor Investment Management LLC bought a new position in shares of UBS Group in the fourth quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its stake 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 period. First Horizon Advisors Inc. increased its stake 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 acquiring an additional 736 shares in the last quarter. Naples Money Management LLC acquired a new position in shares of UBS Group during the fourth quarter valued at about $51,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of 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 period.

Analyst Ratings Changes

UBS has been the topic of a number of research analyst reports. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

UBS Group Price Performance

NYSE:UBS traded up $0.35 on Friday, reaching $27.17. 2,124,016 shares of the stock traded hands, compared to its average volume of 2,662,705. UBS Group AG has a 12 month low of $18.71 and a 12 month high of $32.13. The company’s fifty day simple moving average is $29.54 and its 200 day simple moving average is $28.41. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23.

UBS Group (NYSE:UBS) last issued its quarterly earnings data 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 business had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. UBS Group’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. As a group, research analysts expect that UBS Group AG will post 0.78 EPS for the current fiscal year.

UBS Group Increases Dividend

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

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.