Zurcher Kantonalbank Zurich Cantonalbank Trims Position in UBS Group AG (NYSE:UBS)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,379,092 shares of the bank's stock after selling 5,970,432 shares during the period. UBS Group comprises about 4.5% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 4th largest holding. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 1.60% of UBS Group worth $1,572,129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Amundi raised its position in UBS Group by 0.6% during the 4th quarter. Amundi now owns 16,751,961 shares of the bank's stock valued at $543,936,000 after purchasing an additional 95,712 shares during the last quarter. AMF Tjanstepension AB lifted its stake in UBS Group by 114.5% in the fourth quarter. AMF Tjanstepension AB now owns 261,942 shares of the bank's stock worth $8,026,000 after acquiring an additional 139,846 shares during the period. Banco Santander S.A. boosted its holdings in UBS Group by 37.2% in the fourth quarter. Banco Santander S.A. now owns 86,500 shares of the bank's stock valued at $2,623,000 after acquiring an additional 23,457 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in UBS Group by 609.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank's stock worth $133,890,000 after purchasing an additional 3,759,134 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in shares of UBS Group by 98.1% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 20,278 shares of the bank's stock worth $615,000 after purchasing an additional 10,040 shares during the period.

Wall Street Analysts Forecast Growth

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

Remove Ads

UBS Group Stock Performance

UBS Group stock opened at $34.15 on Monday. UBS Group AG has a twelve month low of $26.01 and a twelve month high of $35.84. The company has a market capitalization of $109.48 billion, a P/E ratio of 22.46 and a beta of 1.15. The stock's 50 day moving average is $33.45 and its 200 day moving average is $32.01. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76.

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 the consensus estimate 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 firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share. On average, equities research analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a $0.90 dividend. 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. This represents a yield of 2.1%. UBS Group's payout ratio is 19.08%.

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.

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.