UBS Group AG (NYSE:UBS) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in UBS Group AG (NYSE:UBSFree Report) by 23.8% during the third quarter, HoldingsChannel.com reports. The fund owned 16,857,632 shares of the bank’s stock after selling 5,259,263 shares during the quarter. Deutsche Bank AG’s holdings in UBS Group were worth $415,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UBS. Fisher Asset Management LLC boosted its holdings in shares of UBS Group by 3.2% during the second quarter. Fisher Asset Management LLC now owns 14,988 shares of the bank’s stock worth $304,000 after purchasing an additional 466 shares during the last quarter. Parallel Advisors LLC grew its position in shares of UBS Group by 5.9% during the second quarter. Parallel Advisors LLC now owns 9,220 shares of the bank’s stock worth $187,000 after acquiring an additional 515 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of UBS Group by 7.5% in the third quarter. EverSource Wealth Advisors LLC now owns 7,945 shares of the bank’s stock valued at $196,000 after purchasing an additional 557 shares during the period. Clearbridge Investments LLC raised its stake in UBS Group by 0.3% during the 2nd quarter. Clearbridge Investments LLC now owns 194,406 shares of the bank’s stock valued at $3,941,000 after acquiring an additional 559 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of UBS Group by 1.5% during the third quarter. Private Advisor Group LLC now owns 37,574 shares of the bank’s stock valued at $926,000 after purchasing an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 36.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UBS shares. Bank of America lowered UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Royal Bank of Canada raised shares of UBS Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 16th. StockNews.com upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.86.

View Our Latest Research Report on UBS

UBS Group Stock Down 0.1 %

Shares of NYSE:UBS opened at $27.87 on Monday. The company’s fifty day simple moving average is $29.53 and its 200 day simple moving average is $26.35. The company has a debt-to-equity ratio of 4.17, a quick ratio of 1.23 and a current ratio of 1.10. UBS Group AG has a 12 month low of $17.99 and a 12 month high of $31.40.

UBS Group (NYSE:UBSGet Free Report) last issued its earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a return on equity of 7.53% and a net margin of 43.70%. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts predict that UBS Group AG will post 1.06 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business 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. This is an increase from UBS Group’s previous annual dividend of $0.18. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. UBS Group’s dividend payout ratio (DPR) is presently 2.00%.

About UBS Group

(Free Report)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.

See Also

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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