UBS Group AG (NYSE:UBS) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UBS Group AG (NYSE:UBS) by 9.1% in the fourth quarter, HoldingsChannel reports. The fund owned 45,949,099 shares of the bank’s stock after purchasing an additional 3,840,395 shares during the period. UBS Group accounts for approximately 5.5% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 2nd largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UBS Group were worth $1,424,902,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of UBS Group by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,726 shares of the bank’s stock valued at $483,000 after buying an additional 1,412 shares in the last quarter. BlackRock Inc. increased its position in shares of UBS Group by 6.1% in the first quarter. BlackRock Inc. now owns 2,465,156 shares of the bank’s stock valued at $48,169,000 after buying an additional 142,328 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of UBS Group by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,348,771 shares of the bank’s stock worth $84,975,000 after purchasing an additional 453,906 shares in the last quarter. Sei Investments Co. increased its position in shares of UBS Group by 136.0% during the first quarter. Sei Investments Co. now owns 293,491 shares of the bank’s stock worth $5,716,000 after purchasing an additional 169,106 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of UBS Group by 39.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,826 shares of the bank’s stock worth $309,000 after purchasing an additional 4,466 shares in the last quarter.

UBS Group Trading Down 1.5 %

Shares of UBS Group stock traded down $0.44 during trading hours on Tuesday, hitting $27.99. The company’s stock had a trading volume of 2,418,811 shares, compared to its average volume of 2,930,734. UBS Group AG has a twelve month low of $18.71 and a twelve month high of $32.13. The firm has a fifty day moving average of $29.62 and a 200-day moving average of $28.11. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The business had revenue of $10.86 billion during the quarter, compared to analyst estimates of $12.06 billion. During the same period last year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, equities analysts forecast that UBS Group AG will post 1.11 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, May 2nd will be paid a dividend of $0.228 per share. This is a positive change from UBS Group’s previous annual dividend of $0.18. The ex-dividend date is Wednesday, May 1st. This represents a yield of 0.82%. UBS Group’s dividend payout ratio is presently 2.00%.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of recent research reports. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, StockNews.com raised UBS Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.