Ossiam Sells 9,780 Shares of UBS Group AG (NYSE:UBS)

Ossiam cut its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,265 shares of the bank's stock after selling 9,780 shares during the period. Ossiam's holdings in UBS Group were worth $2,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Morse Asset Management Inc bought a new position in UBS Group in the 3rd quarter valued at $243,000. Sanctuary Advisors LLC raised its holdings in shares of UBS Group by 30.5% in the third quarter. Sanctuary Advisors LLC now owns 34,515 shares of the bank's stock valued at $1,098,000 after purchasing an additional 8,069 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in UBS Group during the third quarter worth about $365,000. Inspire Trust Co. N.A. lifted its stake in UBS Group by 36.6% in the third quarter. Inspire Trust Co. N.A. now owns 104,417 shares of the bank's stock valued at $3,228,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in shares of UBS Group during the 3rd quarter worth approximately $391,000.

UBS Group Price Performance

UBS Group stock traded up $0.56 during midday trading on Wednesday, hitting $29.10. 3,202,027 shares of the company's stock were exchanged, compared to its average volume of 2,272,012. The company has a market cap of $93.31 billion, a P/E ratio of 19.15 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a 50-day moving average price of $31.23 and a two-hundred day moving average price of $31.95. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $35.84.

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). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. During the same quarter last year, the company posted ($0.09) earnings per share. UBS Group's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently announced an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were given a $0.90 dividend. This represents a dividend yield of 2.1%. This is a boost from UBS Group's previous annual dividend of $0.23. The ex-dividend date of this dividend was Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is currently 14.47%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Bank of America downgraded UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. StockNews.com downgraded UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

About UBS Group

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.