SVB Wealth LLC Trims Position in UBS Group AG (NYSE:UBS)

SVB Wealth LLC cut its holdings in shares of UBS Group AG (NYSE:UBS) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,616 shares of the bank’s stock after selling 5,751 shares during the quarter. SVB Wealth LLC’s holdings in UBS Group were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in UBS Group during the 4th quarter worth approximately $2,182,724,000. FMR LLC increased its holdings in shares of UBS Group by 37.8% during the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after purchasing an additional 14,104,407 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of UBS Group by 4.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,685,341 shares of the bank’s stock valued at $273,197,000 after purchasing an additional 649,270 shares in the last quarter. Morgan Stanley increased its holdings in shares of UBS Group by 3.6% during the 3rd quarter. Morgan Stanley now owns 11,168,903 shares of the bank’s stock valued at $275,313,000 after purchasing an additional 389,244 shares in the last quarter. Finally, Causeway Capital Management LLC increased its holdings in shares of UBS Group by 1.1% during the 3rd quarter. Causeway Capital Management LLC now owns 8,998,675 shares of the bank’s stock valued at $223,144,000 after purchasing an additional 95,547 shares in the last quarter.

UBS Group Stock Performance

UBS opened at $28.07 on Friday. UBS Group AG has a twelve month low of $18.71 and a twelve month high of $32.13. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10. The company has a 50-day moving average price of $29.63 and a 200 day moving average price of $28.16.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.18). The firm had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 EPS. Equities research analysts predict that UBS Group AG will post 1.11 EPS for the current year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, May 2nd will be paid a $0.228 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This is a positive change from UBS Group’s previous annual dividend of $0.18. This represents a dividend yield of 0.82%. UBS Group’s payout ratio is currently 2.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Finally, Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy”.

About UBS Group

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.