Allianz Asset Management GmbH Sells 135,516 Shares of UBS Group AG (NYSE:UBS)

Allianz Asset Management GmbH trimmed its position in UBS Group AG (NYSE:UBS) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,237,380 shares of the bank’s stock after selling 135,516 shares during the period. Allianz Asset Management GmbH owned 0.13% of UBS Group worth $129,654,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake 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 valued at $3,277,000 after acquiring an additional 1,114 shares during the last quarter. Ritholtz Wealth Management raised its position in UBS Group by 16.6% during the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock worth $6,270,000 after purchasing an additional 29,367 shares during the last quarter. M.E. Allison & CO. Inc. bought a new position in UBS Group during the 4th quarter worth $354,000. Park Avenue Securities LLC raised its position in UBS Group by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UBS Group by 17.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after purchasing an additional 33,089 shares during the last quarter.

UBS Group Stock Performance

UBS stock opened at $33.55 on Friday. The stock has a 50-day moving average price of $32.75 and a 200-day moving average price of $31.64. UBS Group AG has a 1-year low of $26.00 and a 1-year high of $35.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The firm has a market cap of $107.56 billion, a PE ratio of 22.07 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. During the same period last year, the business posted ($0.09) earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be given a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This is a positive change from UBS Group’s previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is 15.13%.

Analyst Ratings Changes

UBS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Finally, BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Four equities 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.com, UBS Group currently has an average rating of “Hold”.

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.