Clearbridge Investments LLC Sells 19,600 Shares of UBS Group AG (NYSE:UBS)

Clearbridge Investments LLC decreased its position in UBS Group AG (NYSE:UBS - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,113 shares of the bank's stock after selling 19,600 shares during the quarter. Clearbridge Investments LLC's holdings in UBS Group were worth $4,370,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UBS. Berbice Capital Management LLC bought a new position in shares of UBS Group during the fourth quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in UBS Group in the fourth quarter worth about $30,000. Versant Capital Management Inc purchased a new position in UBS Group during the fourth quarter valued at approximately $40,000. Kohmann Bosshard Financial Services LLC bought a new stake in UBS Group during the fourth quarter valued at about $41,000. Finally, Continuum Advisory LLC grew its holdings in UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank's stock valued at $49,000 after buying an additional 450 shares in the last quarter.

UBS Group Stock Down 7.3 %

Shares of UBS stock opened at $28.22 on Friday. The stock's fifty day moving average price is $33.28 and its 200 day moving average price is $32.25. 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 $26.01 and a 1-year high of $35.84. The company has a market cap of $90.47 billion, a price-to-earnings ratio of 18.56 and a beta of 1.15.

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

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a $0.90 dividend. This represents a dividend yield of 2.1%. This is an increase from UBS Group's previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group's dividend payout ratio is presently 14.47%.

Analysts Set New Price Targets

UBS has been the subject of a number of research reports. Kepler Capital Markets raised UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

UBS Group 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.

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