UBS Group AG (NYSE:UBS) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in shares of UBS Group AG (NYSE:UBS) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 291,764 shares of the bank’s stock after selling 43,464 shares during the quarter. M&T Bank Corp’s holdings in UBS Group were worth $8,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&G PLC grew its position in shares of UBS Group by 3.1% during the 3rd quarter. M&G PLC now owns 4,507,947 shares of the bank’s stock valued at $138,593,000 after acquiring an additional 135,766 shares during the period. Fiera Capital Corp boosted its position in UBS Group by 81.4% during the third quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock worth $3,446,000 after purchasing an additional 50,041 shares in the last quarter. Assetmark Inc. grew its holdings in UBS Group by 4.0% in the third quarter. Assetmark Inc. now owns 45,964 shares of the bank’s stock valued at $1,421,000 after purchasing an additional 1,779 shares during the period. Baker Avenue Asset Management LP increased its position in shares of UBS Group by 0.6% in the third quarter. Baker Avenue Asset Management LP now owns 512,165 shares of the bank’s stock valued at $15,831,000 after buying an additional 3,278 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of UBS Group by 37.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 255,672 shares of the bank’s stock worth $7,903,000 after buying an additional 69,592 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. 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 upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, BNP Paribas raised UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS opened at $33.11 on Friday. The firm has a 50-day simple moving average of $33.39 and a 200-day simple moving average of $31.97. 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 stock has a market capitalization of $106.16 billion, a price-to-earnings ratio of 21.78 and a beta of 1.15. UBS Group AG has a 52 week low of $26.01 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last released 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). The business had revenue of $11.06 billion during 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%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.90 per share. The ex-dividend date 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 payout ratio is 19.08%.

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.