Allianz Asset Management GmbH Has $129.65 Million Position in UBS Group AG (NYSE:UBS)

Allianz Asset Management GmbH lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,237,380 shares of the bank's stock after selling 135,516 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of UBS Group worth $129,654,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank's stock valued at $1,771,713,000 after buying an additional 3,289,387 shares in the last quarter. Wellington Management Group LLP grew its position in UBS Group by 20.2% in the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank's stock worth $423,504,000 after acquiring an additional 2,307,033 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of UBS Group during the 3rd quarter worth $69,440,000. Pzena Investment Management LLC increased its stake in shares of UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank's stock worth $952,104,000 after purchasing an additional 851,231 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new position in shares of UBS Group during the 3rd quarter valued at $23,884,000.

UBS Group Stock Performance

NYSE:UBS traded up $0.47 during mid-day trading on Tuesday, hitting $33.94. 13,530,547 shares of the company's stock traded hands, compared to its average volume of 2,385,664. The firm has a market capitalization of $108.81 billion, a price-to-earnings ratio of 22.33 and a beta of 1.16. The firm has a 50 day moving average of $32.82 and a two-hundred day moving average of $31.76. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 2.1%. This is a positive change from UBS Group's previous annual dividend of $0.23. UBS Group's dividend payout ratio is currently 19.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UBS shares. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Morgan Stanley lowered UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

UBS Group Company 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.