UBS Group AG (NYSE:UBS) Position Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,679,033 shares of the bank's stock after selling 25,833 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of UBS Group worth $50,908,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in UBS Group in the fourth quarter valued at $5,594,066,000. Vanguard Group Inc. lifted its stake in shares of UBS Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock valued at $3,915,512,000 after purchasing an additional 1,296,428 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of UBS Group by 18.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after purchasing an additional 5,555,624 shares during the period. Amundi increased its position in UBS Group by 0.6% during the 4th quarter. Amundi now owns 16,751,961 shares of the bank's stock worth $543,936,000 after purchasing an additional 95,712 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in UBS Group by 1.9% in the fourth quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank's stock valued at $502,398,000 after buying an additional 301,394 shares during the period.

UBS Group Stock Up 0.4 %

UBS traded up $0.11 during trading on Wednesday, hitting $28.11. The company had a trading volume of 720,218 shares, compared to its average volume of 2,266,462. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market cap of $90.12 billion, a PE ratio of 18.49 and a beta of 1.16. The business has a 50-day moving average of $31.86 and a 200-day moving average of $32.07.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results 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). The company had revenue of $11.06 billion during the quarter, compared to analyst estimates 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 quarter last year, the company posted ($0.09) EPS. As a group, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UBS shares. Kepler Capital Markets upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Finally, Bank of America downgraded UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, UBS Group 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.