() saw a notable increase in short interest during the month of April. On April 15, there were 22,980,000 shorted shares. This is a 14.6% increase from March 31, when the total was 20,050,000. At the moment, 0.9% are shorted. The days-to-cover is currently 4.7 based on an average daily share volume of 4,910,000.
Hedge Funds weigh in on UBS Group
Recently, several hedge funds changed their UBS holdings. First Republic Investment Management Inc. bought a new stake of approximately $187,000. Achmea Investment Management B.V. increased its stake in UBS Group in the third-quarter by 16.4%. Achmea Investment Management B.V. owns now 289,998 of the bank’s stock valued at 4,265,000, after purchasing an additional 40,921 during the last quarter. Two Sigma Advisers LP increased its holdings in UBS Group in the third quarter by 0.4%. Two Sigma Advisers LP owns 1,652,985 of the bank’s stock, valued at $23,985,000. This is after purchasing 6,900 additional shares in the last quarter. Janney Capital Management LLC increased its stake in UBS Group in the fourth-quarter by 1.3%. Janney Capital Management LLC owns now 729,330 of the bank’s stock valued at $14,617,000. This is after purchasing an additional 9,559 during the last quarterly. Stonegate Investment Group LLC also purchased a stake in UBS Group during the third quarter, valued at about $146,000. Several analysts recently published reports on UBS's shares. Societe Generale downgraded shares of UBS Group to a "hold" rating from a "buy". The company's target price was set at $18.86. In a research report published on Monday, 20th March. TheStreet has downgraded UBS Group's rating from a "b-" to a "c" in a report published on Monday, 13th March. Royal Bank of Canada downgraded UBS Group in a report published on March 29th from an "outperform" rating to a "sector perform". Jefferies Financial Group lowered UBS Group's rating from 'buy' to 'hold' in a report published on Friday, 24th March. Keefe, Bruyette & Woods also downgraded UBS Group in a report released on Monday, 20th March from a market perform' to a underperform rating. Two analysts gave the stock a sell recommendation, eight others a hold recommendation and three more a buy recommendation. According to MarketBeat.com data, the company's consensus rating is 'Hold' with an average price target of $19.38.
UBS Group stock down 0.3 %
Trading hours were Friday and the stock fell $0.06 to $20.25. The trading volume was 2,688,823 compared to the average of 4,771,312. The market capitalization of the company is $70.47 billion. It has a price to earnings ratio of 10.38, and a beta value of 1.10. The debt-to equity ratio for the company is 3.39. Its current ratio is 0.98, and its quick ratio is 1.00. The company's 200-day average moving price is $19.44 and its 50-day average moving price is $20.66. UBS Group's 52-week low is $13.80, and its 52-week high is $22.30.
The last time the company released its quarterly results was on January 31st. The bank posted $0.50 in earnings per share for the third quarter, exceeding the consensus estimate by $0.37. UBS Group's net margin was 14.99%, and its return on equity was 11.46%. The firm's revenue for the quarter was $8.03 billion, which is higher than the $7.83 billion consensus estimate. Analysts on the sell-side expect UBS Group to post a -0.69 earnings per share for this year.
UBS Group Reduces Dividend
A recent annual dividend was also announced by the business. It was paid out on Friday, 14th April. Dividends were paid to stockholders who had been registered on the Thursday, April 13th. The dividend was $0.179 per share. The ex-dividend day was Wednesday, 12th April. This dividend yield is 0.83%. UBS Group has a dividend payout ratio of 9.23%.
UBS Group AG, a holding company that provides financial management solutions, is an international holding company. The company operates in five segments: Global Wealth Management; Personal and Corporate Banking; Asset Management; Investment Bank and Group Functions. Global Wealth Management provides financial services and advice to wealthy clients, except for those who are served by Wealth Management Americas, which includes banking and lending, investment management, and wealth planning.
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