Quinn Opportunity Partners LLC Trims Stock Holdings in UBS Group AG (NYSE:UBS)

Quinn Opportunity Partners LLC trimmed its holdings in UBS Group AG (NYSE:UBS) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,629 shares of the bank’s stock after selling 20,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in UBS Group were worth $5,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in UBS Group in the fourth quarter valued at $5,594,066,000. FMR LLC grew its stake in shares of UBS Group by 29.4% in the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock valued at $1,695,087,000 after purchasing an additional 12,609,616 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of UBS Group in the fourth quarter valued at approximately $233,591,000. Pictet Asset Management Holding SA raised its stake in shares of UBS Group by 18.9% during 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 purchasing an additional 5,555,624 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of UBS Group by 609.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,375,839 shares of the bank’s stock worth $133,890,000 after purchasing an additional 3,759,134 shares during the period.

Wall Street Analysts Forecast Growth

UBS has been the topic of several recent research reports. Bank of America cut shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, UBS Group presently has an average rating of “Hold”.

UBS Group Trading Down 3.1 %

UBS Group stock opened at $27.53 on Friday. The stock has a market cap of $88.26 billion, a PE ratio of 18.11 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The stock has a 50-day moving average price of $32.11 and a 200 day moving average price of $32.11. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, February 4th. The bank reported $0.23 earnings per share 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 analyst estimates of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS. Equities research analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. This is a boost from UBS Group’s previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. This represents a dividend yield of 2.1%. UBS Group’s dividend payout ratio (DPR) is 14.47%.

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.