UBS Group AG (NYSE:UBS) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in shares of UBS Group AG (NYSE:UBS) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,690,244 shares of the bank’s stock after selling 1,448,285 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in UBS Group were worth $630,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of UBS Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock worth $3,277,000 after purchasing an additional 1,114 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of UBS Group by 16.6% during the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after acquiring an additional 29,367 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of UBS Group during the fourth quarter worth about $218,000. M.E. Allison & CO. Inc. acquired a new stake in shares of UBS Group in the 4th quarter worth about $354,000. Finally, Park Avenue Securities LLC lifted its position in UBS Group by 21.7% in the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after purchasing an additional 6,638 shares during the last quarter.

UBS Group Trading Down 1.1 %

Shares of UBS Group stock opened at $31.56 on Friday. The business has a fifty day simple moving average of $33.66 and a 200-day simple moving average of $32.26. UBS Group AG has a fifty-two week low of $26.01 and a fifty-two week high of $35.84. The firm has a market cap of $101.19 billion, a price-to-earnings ratio of 20.76 and a beta of 1.15. 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) last issued its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. During the same period in the previous year, the company posted ($0.09) earnings per share. UBS Group’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts forecast that UBS Group AG will post 1.9 EPS 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. Investors of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. This represents a yield of 2.1%. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 16th. UBS Group’s dividend payout ratio (DPR) is presently 14.47%.

Analyst Upgrades and Downgrades

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

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.