Choreo LLC Cuts Stake in UBS Group AG (NYSE:UBS)

Choreo LLC lowered its position in shares of UBS Group AG (NYSE:UBS) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 58,200 shares of the bank’s stock after selling 3,421 shares during the period. Choreo LLC’s holdings in UBS Group were worth $1,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UBS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 3,289,387 shares in the last quarter. Wellington Management Group LLP boosted its position 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 purchasing an additional 2,307,033 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in UBS Group during the third quarter valued at about $69,440,000. Pzena Investment Management LLC boosted its position in UBS Group by 2.8% during the third quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after purchasing an additional 851,231 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in UBS Group during the third quarter valued at about $23,884,000.

Analyst Ratings Changes

UBS has been the topic of a number of recent research reports. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $33.43 on Friday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $107.17 billion, a PE ratio of 27.85 and a beta of 1.16. The business has a 50-day simple moving average of $32.52 and a two-hundred day simple moving average of $31.39. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $35.84.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.90 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. UBS Group’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. As a group, equities analysts expect that UBS Group AG will post 1.39 EPS for the current fiscal year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, April 17th. Investors 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 represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is currently 19.17%.

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.