Channing Global Advisors LLC Has $17.22 Million Stock Position in UBS Group AG (NYSE:UBS)

Channing Global Advisors LLC grew its stake in UBS Group AG (NYSE:UBS) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 555,432 shares of the bank’s stock after acquiring an additional 20,098 shares during the period. UBS Group makes up 13.4% of Channing Global Advisors LLC’s investment portfolio, making the stock its largest position. Channing Global Advisors LLC’s holdings in UBS Group were worth $17,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its position in shares of UBS Group by 37.8% in the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after purchasing an additional 14,104,407 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UBS Group by 9.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock valued at $1,424,902,000 after acquiring an additional 3,840,395 shares during the period. Morgan Stanley raised its stake in UBS Group by 3.6% in the 3rd quarter. Morgan Stanley now owns 11,168,903 shares of the bank’s stock valued at $275,313,000 after acquiring an additional 389,244 shares during the period. Causeway Capital Management LLC increased its position in UBS Group by 1.1% during the 3rd quarter. Causeway Capital Management LLC now owns 8,998,675 shares of the bank’s stock worth $223,144,000 after buying an additional 95,547 shares during the period. Finally, Bank of New York Mellon Corp increased its position in UBS Group by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,021,393 shares of the bank’s stock worth $173,077,000 after buying an additional 103,803 shares during the period.

UBS Group Trading Down 0.3 %

NYSE UBS traded down $0.08 during trading on Friday, hitting $27.41. The company had a trading volume of 870,006 shares, compared to its average volume of 2,885,102. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23. UBS Group AG has a one year low of $18.71 and a one year high of $32.13. The company’s fifty day moving average is $29.65 and its 200-day moving average is $28.26.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The business had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $12.06 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts expect that UBS Group AG will post 1.12 earnings per share for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.228 per share. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 1st. This is an increase from UBS Group’s previous annual dividend of $0.18. UBS Group’s dividend payout ratio (DPR) is presently 2.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBS shares. StockNews.com upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday. Societe Generale upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, UBS Group presently has a consensus rating of “Hold”.

UBS Group Company Profile

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.