Groupama Asset Managment Trims Position in UBS Group AG (NYSE:UBS)

Groupama Asset Managment lowered its holdings in UBS Group AG (NYSE:UBS) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,363 shares of the bank’s stock after selling 6,644 shares during the period. Groupama Asset Managment’s holdings in UBS Group were worth $3,171,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in UBS Group in the 4th quarter worth about $5,594,066,000. Caisse Des Depots ET Consignations purchased a new position in shares of UBS Group during the 4th quarter worth about $233,591,000. Pictet Asset Management Holding SA boosted its position in shares of UBS Group by 18.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock worth $1,070,335,000 after acquiring an additional 5,555,624 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in UBS Group by 609.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank’s stock valued at $133,890,000 after purchasing an additional 3,759,134 shares during the period. Finally, National Bank of Canada FI increased its position in UBS Group by 2,927.4% during the fourth quarter. National Bank of Canada FI now owns 3,578,192 shares of the bank’s stock worth $109,751,000 after purchasing an additional 3,459,997 shares during the last quarter.

UBS Group Stock Down 0.8 %

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

UBS Group (NYSE:UBS) last posted its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (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 during the quarter, compared to analyst estimates of $10.90 billion. During the same quarter last year, the business posted ($0.09) EPS. UBS Group’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be given a $0.90 dividend. This represents a dividend yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group’s dividend payout ratio is presently 14.47%.

Analysts Set New Price Targets

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

UBS Group Company 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.