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Arrowstreet Capital Limited Partnership Sells 1,448,285 Shares of UBS Group AG (NYSE:UBS)

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Arrowstreet Capital Limited Partnership lessened its holdings in UBS Group AG (NYSE:UBS - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,690,244 shares of the bank's stock after selling 1,448,285 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.65% of UBS Group worth $630,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank's stock worth $3,277,000 after purchasing an additional 1,114 shares during the last quarter. Ritholtz Wealth Management raised its holdings in UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank's stock worth $6,270,000 after buying an additional 29,367 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of UBS Group in the fourth quarter worth approximately $218,000. M.E. Allison & CO. Inc. purchased a new stake in shares of UBS Group during the fourth quarter valued at approximately $354,000. Finally, Park Avenue Securities LLC increased its position in shares of UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock valued at $1,128,000 after acquiring an additional 6,638 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS Group stock traded down $0.26 on Tuesday, hitting $30.37. 3,085,024 shares of the company's stock were exchanged, compared to its average volume of 2,193,880. 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 market capitalization of $97.39 billion, a PE ratio of 19.98 and a beta of 1.15. UBS Group AG has a 1 year low of $26.01 and a 1 year high of $35.84. The company has a 50-day simple moving average of $33.59 and a 200-day simple moving average of $32.29.

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UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The company had revenue of $11.06 billion for the quarter, compared to analysts' expectations of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. UBS Group's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. As a group, equities analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The company also recently announced 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 a positive change 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 is currently 14.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut 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. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Kepler Capital Markets upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Friday, January 10th. Finally, Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. One 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. Based on data from MarketBeat, UBS Group presently has an average rating of "Hold".

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About UBS Group

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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.

See Also

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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