Pictet Asset Management Holding SA Has $1.07 Billion Stock Holdings in UBS Group AG (NYSE:UBS)

Pictet Asset Management Holding SA raised its position in UBS Group AG (NYSE:UBS - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,979,795 shares of the bank's stock after buying an additional 5,555,624 shares during the period. UBS Group accounts for about 1.2% of Pictet Asset Management Holding SA's investment portfolio, making the stock its 11th biggest position. Pictet Asset Management Holding SA owned 1.09% of UBS Group worth $1,070,335,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of UBS Group in the 4th quarter worth approximately $5,594,066,000. Vanguard Group Inc. raised its position in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank's stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares during the last quarter. Amundi increased its stake in shares of UBS Group by 0.6% in the fourth quarter. Amundi now owns 16,751,961 shares of the bank's stock valued at $543,936,000 after buying an additional 95,712 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of 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 last quarter.

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Analysts Set New Price Targets

UBS has been the subject of several research analyst reports. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Bank of America lowered UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. BNP Paribas raised UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold".

UBS Group Trading Down 0.8 %

NYSE:UBS traded down $0.26 during mid-day trading on Tuesday, hitting $30.37. The company had a trading volume of 1,883,806 shares, compared to its average volume of 3,598,672. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84. The firm has a market cap of $97.39 billion, a P/E ratio of 19.98 and a beta of 1.15. The business's fifty day moving average is $33.59 and its two-hundred day moving average is $32.29.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.08). The firm 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 was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.09) earnings per share. As a group, research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The company also recently declared 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. 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 is Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is currently 14.47%.

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.