MML Investors Services LLC Boosts Stock Position in UBS Group AG (NYSE:UBS)

MML Investors Services LLC lifted its position in UBS Group AG (NYSE:UBS – Get Rating) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,811 shares of the bank’s stock after purchasing an additional 4,600 shares during the quarter. MML Investors Services LLC’s holdings in UBS Group were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBS. First Republic Investment Management Inc. acquired a new stake in UBS Group during the 3rd quarter valued at approximately $187,000. Achmea Investment Management B.V. grew its position in UBS Group by 16.4% during the 3rd quarter. Achmea Investment Management B.V. now owns 289,998 shares of the bank’s stock worth $4,265,000 after purchasing an additional 40,921 shares during the period. Cibc World Market Inc. raised its stake in shares of UBS Group by 47.1% during the 2nd quarter. Cibc World Market Inc. now owns 649,984 shares of the bank’s stock valued at $10,476,000 after buying an additional 208,153 shares during the last quarter. Zhang Financial LLC acquired a new position in shares of UBS Group in the 3rd quarter valued at about $152,000. Finally, Stonegate Investment Group LLC purchased a new stake in shares of UBS Group in the third quarter worth about $146,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

UBS Group Stock Up 0.2 %

UBS opened at $22.16 on Tuesday. The company has a market cap of $77.12 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. UBS Group AG has a twelve month low of $13.80 and a twelve month high of $22.30. The company has a 50-day moving average price of $21.01 and a 200 day moving average price of $18.13. The company has a quick ratio of 1.15, a current ratio of 1.00 and a debt-to-equity ratio of 3.29.

UBS Group Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 14th. Shareholders of record on Thursday, April 13th will be issued a dividend of $0.179 per share. The ex-dividend date of this dividend is Wednesday, April 12th. This represents a dividend yield of 0.83%. UBS Group’s payout ratio is currently 7.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBS. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. Credit Suisse Group downgraded shares of UBS Group from an “outperform” rating to a “neutral” rating in a report on Friday, December 9th. Finally, TheStreet raised shares of UBS Group from a “c” rating to a “b-” rating in a report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, UBS Group has an average rating of “Hold” and an average price target of $19.46.

UBS Group Profile

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UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, and Group Functions. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.