UBS Group AG (NYSE:UBS) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,336,957 shares of the bank’s stock after selling 35,800 shares during the period. UBS Group makes up about 0.9% of Todd Asset Management LLC’s portfolio, making the stock its 24th largest holding. Todd Asset Management LLC’s holdings in UBS Group were worth $41,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UBS. FMR LLC boosted its position in UBS Group by 37.8% during the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock worth $1,271,454,000 after acquiring an additional 14,104,407 shares during the period. WCM Investment Management LLC raised its stake in shares of UBS Group by 6,797.0% in the 4th quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after buying an additional 4,568,457 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UBS Group by 9.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after buying an additional 3,840,395 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of UBS Group by 543.6% in the 3rd quarter. Acadian Asset Management LLC now owns 4,484,300 shares of the bank’s stock worth $111,197,000 after buying an additional 3,787,579 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of UBS Group by 59.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,188,920 shares of the bank’s stock worth $79,096,000 after buying an additional 1,185,408 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Finally, BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

UBS Group Stock Performance

NYSE UBS traded up $0.35 on Friday, reaching $27.17. The stock had a trading volume of 2,124,016 shares, compared to its average volume of 2,662,705. The business has a 50 day moving average price of $29.54 and a 200 day moving average price of $28.35. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10. UBS Group AG has a 1 year low of $18.71 and a 1 year high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The firm had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts expect that UBS Group AG will post 0.78 EPS for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.228 per share. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, May 1st. This is an increase from UBS Group’s previous annual dividend of $0.18. UBS Group’s dividend payout ratio is 2.56%.

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.