Bank of New York Mellon Corp Decreases Stock Holdings in UBS Group AG (NYSE:UBS)

Bank of New York Mellon Corp reduced its stake in UBS Group AG (NYSE:UBS - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,591,356 shares of the bank's stock after selling 372,216 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of UBS Group worth $260,490,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank's stock worth $3,277,000 after purchasing an additional 1,114 shares during the period. Ritholtz Wealth Management boosted its position in shares of UBS Group by 16.6% during the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank's stock valued at $6,270,000 after purchasing an additional 29,367 shares in the last quarter. M.E. Allison & CO. Inc. acquired a new stake in shares of UBS Group during the 4th quarter worth approximately $354,000. Park Avenue Securities LLC raised its holdings in shares of UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock valued at $1,128,000 after purchasing an additional 6,638 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of UBS Group by 17.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank's stock worth $6,801,000 after purchasing an additional 33,089 shares in the last quarter.

UBS Group Price Performance

UBS stock traded up $0.43 during midday trading on Friday, reaching $34.28. The company had a trading volume of 15,640,810 shares, compared to its average volume of 3,237,885. The company has a market capitalization of $109.91 billion, a P/E ratio of 22.55 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1 year low of $26.00 and a 1 year high of $35.84. The firm has a 50-day moving average price of $33.13 and a 200-day moving average price of $31.88.

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

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. This is a positive change from UBS Group's previous annual dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. UBS Group's dividend payout ratio (DPR) is presently 19.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. Kepler Capital Markets upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. Finally, StockNews.com lowered UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.