Wellington Management Group LLP Has $395.38 Million Holdings in UBS Group AG (NYSE:UBS)

Wellington Management Group LLP cut its position in shares of UBS Group AG (NYSE:UBS) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,921,485 shares of the bank’s stock after selling 787,138 shares during the period. Wellington Management Group LLP’s holdings in UBS Group were worth $395,380,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UBS. Berbice Capital Management LLC bought a new position in UBS Group during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new position in shares of UBS Group during the 4th quarter valued at $30,000. Versant Capital Management Inc acquired a new stake in shares of UBS Group in the 4th quarter valued at $40,000. Kohmann Bosshard Financial Services LLC bought a new stake in UBS Group in the fourth quarter worth $41,000. Finally, Continuum Advisory LLC increased its position in UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after buying an additional 450 shares during the last quarter.

UBS Group Stock Down 0.8 %

Shares of UBS stock opened at $30.37 on Wednesday. UBS Group AG has a 12 month low of $26.01 and a 12 month high of $35.84. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The firm has a market cap of $97.39 billion, a PE ratio of 19.98 and a beta of 1.15. The stock has a 50 day moving average of $33.50 and a 200-day moving average of $32.30.

UBS Group (NYSE:UBS) last released its 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 for the quarter, compared to analyst estimates of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. UBS Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. On average, equities analysts predict that UBS Group AG will post 1.9 EPS for the current 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 dividend of $0.90 per share. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is 14.47%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Bank of America downgraded shares of UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UBS Group currently has an average rating of “Hold”.

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.