UBS Group AG (NYSE:UBS) Holdings Trimmed by Korea Investment CORP

Korea Investment CORP lowered its holdings in UBS Group AG (NYSE:UBS) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,635,937 shares of the bank’s stock after selling 613,635 shares during the period. Korea Investment CORP owned approximately 0.08% of UBS Group worth $80,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UBS. Mountain Hill Investment Partners Corp. acquired a new stake in UBS Group during the 4th quarter worth about $334,000. Vanguard Group Inc. lifted its position in shares of UBS Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank’s stock worth $3,915,512,000 after purchasing an additional 1,296,428 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of UBS Group by 20.4% during the fourth quarter. LPL Financial LLC now owns 195,629 shares of the bank’s stock worth $5,931,000 after purchasing an additional 33,126 shares during the period. Fox Run Management L.L.C. purchased a new position in UBS Group during the fourth quarter valued at approximately $873,000. Finally, Sei Investments Co. increased its stake in UBS Group by 2.7% in the 4th quarter. Sei Investments Co. now owns 197,201 shares of the bank’s stock valued at $5,979,000 after buying an additional 5,217 shares during the period.

UBS Group Trading Down 1.4 %

UBS Group stock opened at $33.22 on Thursday. UBS Group AG has a one year low of $26.01 and a one year high of $35.84. The company’s fifty day moving average price is $33.73 and its two-hundred day moving average price is $32.21. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market capitalization of $106.50 billion, a price-to-earnings ratio of 21.85 and a beta of 1.15.

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

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be paid a $0.90 dividend. This represents a dividend yield of 2.1%. 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. UBS Group’s payout ratio is presently 14.47%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBS. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group 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.