UBS Group AG $UBS Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd cut its stake in UBS Group AG (NYSE:UBS) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,089,854 shares of the bank’s stock after selling 1,342,375 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in UBS Group were worth $44,534,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of UBS. Norges Bank purchased a new position in shares of UBS Group during the 2nd quarter valued at approximately $4,878,061,000. Vanguard Group Inc. increased its holdings in UBS Group by 1.5% in the third quarter. Vanguard Group Inc. now owns 137,347,438 shares of the bank’s stock valued at $5,646,903,000 after buying an additional 1,990,426 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of UBS Group by 21.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after acquiring an additional 13,417,945 shares during the period. Fisher Asset Management LLC raised its position in shares of UBS Group by 16.9% in the second quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock worth $1,975,903,000 after acquiring an additional 8,448,219 shares during the period. Finally, Cevian Capital II GP LTD boosted its stake in shares of UBS Group by 9.9% during the 2nd quarter. Cevian Capital II GP LTD now owns 48,117,675 shares of the bank’s stock worth $1,627,340,000 after acquiring an additional 4,330,274 shares in the last quarter.

UBS Group Trading Up 0.5%

Shares of UBS opened at $42.55 on Friday. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $49.36. The stock has a market cap of $132.92 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12. The firm’s fifty day moving average is $45.99 and its two-hundred day moving average is $41.84. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 3.63.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.30.

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.