Bank of New York Mellon Corp Sells 372,216 Shares of UBS Group AG (NYSE:UBS)

Bank of New York Mellon Corp lessened its stake in shares of UBS Group AG (NYSE:UBS) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,591,356 shares of the bank’s stock after selling 372,216 shares during the period. Bank of New York Mellon Corp’s holdings in UBS Group were worth $260,490,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBS. Wealth Enhancement Advisory Services LLC lifted its position in shares of UBS Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after buying an additional 1,114 shares in the last quarter. Ritholtz Wealth Management raised its stake in UBS Group by 16.6% during the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock worth $6,270,000 after acquiring an additional 29,367 shares during the period. M.E. Allison & CO. Inc. purchased a new position in UBS Group during the fourth quarter valued at approximately $354,000. Park Avenue Securities LLC lifted its holdings in UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock valued at $1,128,000 after purchasing an additional 6,638 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock worth $6,801,000 after purchasing an additional 33,089 shares during the period.

UBS Group Stock Performance

Shares of NYSE UBS opened at $34.22 on Thursday. The company has a market cap of $109.71 billion, a P/E ratio of 22.51 and a beta of 1.16. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $35.84. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The firm’s fifty day moving average is $32.95 and its two-hundred day moving average is $31.81.

UBS Group (NYSE:UBS) last posted 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 return on equity of 5.93% and a net margin of 6.93%. UBS Group’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. As a group, analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently declared 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. This represents a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 16th. This is a boost from UBS Group’s previous annual dividend of $0.23. UBS Group’s payout ratio is currently 19.08%.

Analyst Upgrades and Downgrades

UBS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, January 3rd. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, UBS Group currently has an average 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.