M&T Bank Corp Cuts Stock Holdings in UBS Group AG $UBS

Key Points

• M&T Bank trimmed its stake in UBS by 62.2% in Q4, selling 85,447 shares and leaving 51,962 shares worth about $2.41 million.
• UBS beat quarter expectations with $0.37 EPS (vs. $0.25 est.) and $12.2B revenue, and paid a $0.55 special dividend on April 23.
• Analysts' consensus rating is Hold with a $60.30 target price (1 Strong Buy, 5 Buy, 6 Hold, 1 Sell).

M&T Bank Corp trimmed its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 62.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,962 shares of the bank's stock after selling 85,447 shares during the period. M&T Bank Corp's holdings in UBS Group were worth $2,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UBS. Flagship Wealth Advisors LLC purchased a new position in shares of UBS Group in the 3rd quarter worth $29,000. Larson Financial Group LLC grew its stake in shares of UBS Group by 118.4% in the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank's stock worth $34,000 after buying an additional 445 shares in the last quarter. Private Trust Co. NA grew its stake in shares of UBS Group by 75.2% in the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank's stock worth $35,000 after buying an additional 366 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of UBS Group in the 3rd quarter worth $37,000. Finally, Salomon & Ludwin LLC grew its stake in shares of UBS Group by 2,566.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,120 shares of the bank's stock worth $46,000 after buying an additional 1,078 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reissued an "underweight" rating on shares of UBS Group in a research note on Thursday. The Goldman Sachs Group reissued a "neutral" rating on shares of UBS Group in a research note on Friday, February 6th. Barclays raised shares of UBS Group from an "underweight" rating to an "equal weight" rating in a research note on Monday, April 20th. Weiss Ratings raised shares of UBS Group from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday, April 21st. Finally, Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $60.30.

UBS Group Price Performance

UBS Group stock opened at $42.22 on Tuesday. The firm has a 50-day moving average price of $40.14 and a 200-day moving average price of $41.71. The firm has a market capitalization of $131.88 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.78 and a beta of 1.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.63. UBS Group AG has a 12-month low of $29.73 and a 12-month high of $49.36.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.12. The firm had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business's revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. As a group, equities research analysts forecast that UBS Group AG will post 3.21 EPS for the current year.

UBS Group Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd were issued a $0.55 dividend. The ex-dividend date was Wednesday, April 22nd. UBS Group's dividend payout ratio (DPR) is 15.25%.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

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