Massachusetts Financial Services Co. MA Sells 10,039,061 Shares of UBS Group AG (NYSE:UBS)

Massachusetts Financial Services Co. MA lowered its stake in UBS Group AG (NYSE:UBS - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,211,535 shares of the bank's stock after selling 10,039,061 shares during the period. UBS Group makes up approximately 0.8% of Massachusetts Financial Services Co. MA's holdings, making the stock its 22nd largest holding. Massachusetts Financial Services Co. MA owned about 2.53% of UBS Group worth $2,462,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in UBS Group during the 4th quarter valued at approximately $5,594,066,000. Caisse Des Depots ET Consignations purchased a new position in shares of UBS Group during the fourth quarter valued at approximately $233,591,000. Pictet Asset Management Holding SA lifted its stake in 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 worth $1,070,335,000 after acquiring an additional 5,555,624 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in UBS Group by 609.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank's stock valued at $133,890,000 after acquiring an additional 3,759,134 shares in the last quarter. Finally, National Bank of Canada FI increased its position in UBS Group by 2,927.4% during the 4th quarter. National Bank of Canada FI now owns 3,578,192 shares of the bank's stock valued at $109,751,000 after purchasing an additional 3,459,997 shares during the period.

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UBS Group Stock Down 7.3 %

UBS Group stock traded down $2.24 during trading hours on Thursday, hitting $28.22. The stock had a trading volume of 4,068,875 shares, compared to its average volume of 2,206,096. The stock's 50-day moving average price is $33.28 and its 200-day moving average price is $32.25. UBS Group AG has a 12-month low of $26.01 and a 12-month high of $35.84. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The stock has a market capitalization of $90.47 billion, a P/E ratio of 18.56 and a beta of 1.15.

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). 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 business's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted ($0.09) earnings per share. Equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

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

Wall Street Analyst Weigh In

UBS has been the subject of several research analyst reports. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. BNP Paribas raised shares of UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. One 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. According to MarketBeat, UBS Group currently has a consensus 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.