Canada Pension Plan Investment Board Cuts Holdings in UBS Group AG (NYSE:UBS)

Canada Pension Plan Investment Board cut its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,145,219 shares of the bank's stock after selling 3,024,527 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.19% of UBS Group worth $187,737,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UBS. Marshall Wace LLP purchased a new stake in shares of UBS Group in the 4th quarter valued at $54,397,000. NewEdge Advisors LLC grew its position in UBS Group by 7.1% during the 4th quarter. NewEdge Advisors LLC now owns 40,505 shares of the bank's stock worth $1,228,000 after acquiring an additional 2,685 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in UBS Group in the fourth quarter valued at approximately $722,000. Evergreen Capital Management LLC grew its holdings in shares of UBS Group by 14.9% in the fourth quarter. Evergreen Capital Management LLC now owns 27,951 shares of the bank's stock worth $847,000 after purchasing an additional 3,634 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new stake in UBS Group during the 4th quarter valued at $9,750,000.

UBS Group Stock Performance

Shares of NYSE:UBS traded up $0.94 during trading on Tuesday, hitting $28.55. The company's stock had a trading volume of 1,152,578 shares, compared to its average volume of 3,659,851. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84. The firm has a market cap of $91.54 billion, a price-to-earnings ratio of 18.78 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The company has a 50-day moving average of $31.42 and a 200-day moving average of $31.99.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $10.90 billion. During the same quarter last year, the firm posted ($0.09) earnings per share. UBS Group's revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 16th were given a dividend of $0.90 per share. This represents a dividend yield of 2.1%. This is an increase from UBS Group's previous annual dividend of $0.23. The ex-dividend date of this dividend was Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is presently 14.47%.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBS shares. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. Finally, StockNews.com cut UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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.