Andra AP fonden Sells 118,545 Shares of UBS Group AG (NYSE:UBS)

Andra AP fonden cut its holdings in shares of UBS Group AG (NYSE:UBS) by 71.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 47,484 shares of the bank’s stock after selling 118,545 shares during the period. Andra AP fonden’s holdings in UBS Group were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares during the period. Fisher Asset Management LLC raised its holdings in UBS Group by 422.4% during the fourth quarter. Fisher Asset Management LLC now owns 4,036,921 shares of the bank’s stock valued at $122,399,000 after acquiring an additional 3,264,214 shares during the period. Wellington Management Group LLP raised its holdings in UBS Group by 20.2% during the third quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after acquiring an additional 2,307,033 shares during the period. Public Employees Retirement System of Ohio bought a new stake in UBS Group during the third quarter valued at about $69,440,000. Finally, Raymond James Financial Inc. bought a new stake in UBS Group during the fourth quarter valued at about $31,449,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. 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, February 20th. Finally, Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

UBS Group Trading Up 3.2 %

UBS opened at $34.15 on Monday. The firm has a market cap of $109.48 billion, a P/E ratio of 22.46 and a beta of 1.15. UBS Group AG has a 12 month low of $26.01 and a 12 month 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 stock has a 50-day moving average of $33.45 and a 200 day moving average of $32.01.

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

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. 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. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio is currently 19.08%.

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.