Rhumbline Advisers Sells 10,820 Shares of UBS Group AG (NYSE:UBS)

Rhumbline Advisers lowered its stake in UBS Group AG (NYSE:UBS - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,583 shares of the bank's stock after selling 10,820 shares during the quarter. Rhumbline Advisers' holdings in UBS Group were worth $1,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UBS. Banque Pictet & Cie SA boosted its position in shares of UBS Group by 0.5% during the 4th quarter. Banque Pictet & Cie SA now owns 677,769 shares of the bank's stock valued at $20,739,000 after acquiring an additional 3,390 shares during the last quarter. Vontobel Holding Ltd. lifted its position in UBS Group by 1.9% during the fourth quarter. Vontobel Holding Ltd. now owns 16,445,068 shares of the bank's stock valued at $502,398,000 after purchasing an additional 301,394 shares during the last quarter. Channing Global Advisors LLC lifted its position in UBS Group by 22.9% during the fourth quarter. Channing Global Advisors LLC now owns 654,665 shares of the bank's stock valued at $20,026,000 after purchasing an additional 121,836 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of UBS Group by 13.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank's stock worth $1,307,000 after buying an additional 4,912 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in shares of UBS Group by 9.5% in the 4th quarter. Savant Capital LLC now owns 7,610 shares of the bank's stock worth $231,000 after buying an additional 659 shares during the last quarter.

UBS Group Trading Down 3.3 %

Shares of UBS traded down $1.13 during mid-day trading on Thursday, reaching $33.11. 7,137,606 shares of the company's stock traded hands, compared to its average volume of 2,130,942. The stock's 50-day moving average is $33.34 and its two-hundred day moving average is $31.96. The stock has a market cap of $106.16 billion, a P/E ratio of 21.78 and a beta of 1.15. 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 12 month low of $26.01 and a 12 month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last issued its 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 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%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. Research analysts forecast that UBS Group AG will post 1.9 earnings per share 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 paid a $0.90 dividend. 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 of this dividend is Wednesday, April 16th. UBS Group's dividend payout ratio is currently 19.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Kepler Capital Markets upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Friday, January 10th. Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold".

UBS Group Company 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.