Beach Investment Counsel Inc. PA cut its holdings in UBS Group AG (NYSE:UBS) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,200 shares of the bank’s stock after selling 16,650 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in UBS Group were worth $430,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of UBS Group by 134.2% during the third quarter. Millennium Management LLC now owns 40,452 shares of the bank’s stock valued at $457,000 after buying an additional 23,177 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of UBS Group by 10.2% during the third quarter. Envestnet Asset Management Inc. now owns 649,688 shares of the bank’s stock valued at $7,348,000 after buying an additional 59,974 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of UBS Group by 16.7% during the third quarter. Oppenheimer & Co. Inc. now owns 22,313 shares of the bank’s stock valued at $252,000 after buying an additional 3,187 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of UBS Group during the third quarter valued at about $260,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of UBS Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 161,703,663 shares of the bank’s stock valued at $1,828,869,000 after buying an additional 3,359,337 shares during the last quarter. 29.02% of the stock is owned by institutional investors.
In related news, major shareholder Group Ag Ubs acquired 25,438 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average price of $13.28 per share, for a total transaction of $337,816.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 398,770 shares of company stock worth $5,397,768. Corporate insiders own 1.00% of the company’s stock.
UBS opened at $13.21 on Friday. UBS Group AG has a 52-week low of $10.12 and a 52-week high of $13.55. The company has a quick ratio of 0.95, a current ratio of 0.94 and a debt-to-equity ratio of 3.24. The company has a market cap of $48.60 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.79 and a beta of 1.24. The firm’s 50-day moving average price is $12.80 and its 200-day moving average price is $11.80.
The business also recently disclosed an annual dividend, which will be paid on Thursday, May 7th. Stockholders of record on Wednesday, May 6th will be issued a dividend of $0.73 per share. The ex-dividend date is Tuesday, May 5th. This represents a dividend yield of 5.7%. This is an increase from UBS Group’s previous annual dividend of $0.60.
UBS has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of UBS Group in a research report on Monday, February 3rd. ValuEngine raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Berenberg Bank reissued a “buy” rating on shares of UBS Group in a research report on Monday, January 27th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of UBS Group in a research report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.50.
UBS Group Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
Further Reading: Are sell-side analysts objective?
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