Clearbridge Investments LLC trimmed its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,113 shares of the bank's stock after selling 19,600 shares during the period. Clearbridge Investments LLC's holdings in UBS Group were worth $4,370,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz SE purchased a new stake in UBS Group during the 4th quarter worth approximately $365,000. Brown Brothers Harriman & Co. increased its position in shares of UBS Group by 6,521.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 15,230 shares of the bank's stock worth $462,000 after acquiring an additional 15,000 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock valued at $1,070,335,000 after acquiring an additional 5,555,624 shares in the last quarter. Blair William & Co. IL boosted its holdings in UBS Group by 11.5% in the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock valued at $242,000 after purchasing an additional 823 shares during the period. Finally, Norges Bank acquired a new position in UBS Group during the 4th quarter worth $5,594,066,000.
Analysts Set New Price Targets
A number of research firms have issued reports on UBS. StockNews.com lowered UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. BNP Paribas upgraded shares of UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. Kepler Capital Markets upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. Morgan Stanley lowered shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Finally, Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on UBS Group
UBS Group Stock Up 1.4 %
UBS Group stock traded up $0.38 during mid-day trading on Tuesday, hitting $27.03. The company had a trading volume of 1,903,826 shares, compared to its average volume of 3,676,186. The stock has a market cap of $86.68 billion, a price-to-earnings ratio of 17.79 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. UBS Group AG has a 1 year low of $25.78 and a 1 year high of $35.84. The business has a fifty day moving average of $32.92 and a 200 day moving average of $32.24.
UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The company had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. The business's revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.
UBS Group Increases Dividend
The firm also recently announced 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 is Wednesday, April 16th. This is a positive change from UBS Group's previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group's dividend payout ratio (DPR) is 14.47%.
About UBS Group
(
Free Report)
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.
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