Edmond DE Rothschild Holding S.A. cut its holdings in UBS Group AG (NYSE:UBS - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 548,371 shares of the bank's stock after selling 17,310 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in UBS Group were worth $16,785,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in UBS Group by 44.9% during the third quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank's stock valued at $488,000 after purchasing an additional 4,889 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of UBS Group by 17.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank's stock valued at $6,801,000 after acquiring an additional 33,089 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of UBS Group by 40.3% in the 3rd quarter. Townsquare Capital LLC now owns 51,533 shares of the bank's stock valued at $1,593,000 after acquiring an additional 14,794 shares during the last quarter. Glenmede Trust Co. NA grew its position in UBS Group by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 66,504 shares of the bank's stock worth $2,056,000 after acquiring an additional 1,930 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in UBS Group by 58.6% during the third quarter. Verition Fund Management LLC now owns 31,214 shares of the bank's stock worth $965,000 after acquiring an additional 11,531 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on UBS. StockNews.com cut UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. 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 downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft raised UBS Group from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Finally, Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".
Read Our Latest Analysis on UBS
UBS Group Trading Up 0.4 %
Shares of NYSE UBS traded up $0.11 during trading hours on Wednesday, reaching $30.46. The stock had a trading volume of 2,841,526 shares, compared to its average volume of 2,198,450. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The business's fifty day moving average price is $33.50 and its two-hundred day moving average price is $32.30. The firm has a market cap of $97.67 billion, a price-to-earnings ratio of 20.04 and a beta of 1.15. UBS Group AG has a 52-week low of $26.01 and a 52-week high of $35.84.
UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $10.90 billion. During the same quarter in the prior year, the business posted ($0.09) EPS. The business's quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.
UBS Group Increases Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a yield of 2.1%. This is a positive change from UBS Group's previous annual dividend of $0.23. UBS Group's dividend payout ratio is currently 14.47%.
UBS Group Company Profile
(
Free Report)
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.
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