Korea Investment CORP Decreases Stock Holdings in UBS Group AG (NYSE:UBS)

Korea Investment CORP decreased its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,635,937 shares of the bank's stock after selling 613,635 shares during the quarter. Korea Investment CORP owned approximately 0.08% of UBS Group worth $80,656,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UBS. Thrivent Financial for Lutherans increased its stake in UBS Group by 44.9% in the third quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank's stock valued at $488,000 after acquiring an additional 4,889 shares during the period. Commerce Bank increased its position in UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank's stock worth $287,000 after purchasing an additional 346 shares during the period. Advisors Asset Management Inc. boosted its stake in UBS Group by 11.3% in the third quarter. Advisors Asset Management Inc. now owns 31,596 shares of the bank's stock valued at $977,000 after acquiring an additional 3,208 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank's stock valued at $6,801,000 after buying an additional 33,089 shares during the period. Finally, Cerity Partners LLC boosted its stake in UBS Group by 45.7% during the 3rd quarter. Cerity Partners LLC now owns 128,980 shares of the bank's stock worth $3,987,000 after acquiring an additional 40,485 shares during the last quarter.

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UBS Group Stock Performance

Shares of NYSE UBS traded down $0.35 during mid-day trading on Friday, reaching $31.56. 3,489,622 shares of the company's stock were exchanged, compared to its average volume of 2,187,196. The firm has a 50-day moving average price of $33.66 and a two-hundred day moving average price of $32.26. 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 52 week low of $26.01 and a 52 week high of $35.84. The firm has a market capitalization of $101.19 billion, a price-to-earnings ratio of 20.76 and a beta of 1.15.

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 (EPS) 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 analysts' expectations of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. Analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBS. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Finally, Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.