Dodge & Cox Cuts Stock Position in UBS Group AG $UBS

Dodge & Cox decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,641,442 shares of the bank’s stock after selling 2,994,500 shares during the quarter. Dodge & Cox owned about 1.33% of UBS Group worth $1,752,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UBS. Parallel Advisors LLC raised its position in UBS Group by 1.9% in the third quarter. Parallel Advisors LLC now owns 14,905 shares of the bank’s stock valued at $611,000 after purchasing an additional 271 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of UBS Group by 1.2% during the third quarter. Checchi Capital Advisers LLC now owns 24,868 shares of the bank’s stock worth $1,020,000 after purchasing an additional 287 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of UBS Group by 1.1% in the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock worth $885,000 after buying an additional 290 shares during the period. Arkadios Wealth Advisors grew its stake in shares of UBS Group by 3.1% in the third quarter. Arkadios Wealth Advisors now owns 9,877 shares of the bank’s stock valued at $405,000 after buying an additional 301 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of UBS Group by 1.7% in the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after buying an additional 310 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBS. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, January 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UBS Group has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group Price Performance

UBS opened at $36.91 on Friday. The company has a market capitalization of $115.32 billion, a P/E ratio of 15.64, a PEG ratio of 0.36 and a beta of 1.14. The company has a 50-day moving average of $44.07 and a 200-day moving average of $41.88. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.19. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $49.36.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.25 by $0.12. The business had revenue of $12.20 billion for 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 quarter last year, the company posted $0.23 earnings per share. Equities analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Announces Dividend

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

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.