Wellington Management Group LLP Sells 2,857,802 Shares of UBS Group AG (NYSE:UBS)

Wellington Management Group LLP lessened its stake in shares of UBS Group AG (NYSE:UBS) by 24.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,607,932 shares of the bank’s stock after selling 2,857,802 shares during the period. Wellington Management Group LLP’s holdings in UBS Group were worth $266,936,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UBS. Anchor Investment Management LLC bought a new position in shares of UBS Group in the fourth quarter worth about $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of UBS Group by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after acquiring an additional 512 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of UBS Group by 91.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after acquiring an additional 736 shares during the period. Naples Money Management LLC bought a new position in shares of UBS Group in the fourth quarter worth about $51,000. Finally, Global Retirement Partners LLC boosted its stake in shares of UBS Group by 24.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock worth $61,000 after acquiring an additional 402 shares during the period.

UBS Group Price Performance

Shares of UBS Group stock opened at $31.19 on Wednesday. The stock has a 50 day moving average of $29.55 and a 200 day moving average of $29.63. UBS Group AG has a 12 month low of $19.25 and a 12 month high of $32.13. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The business had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $12.05 billion. As a group, equities analysts expect that UBS Group AG will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBS. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of “Hold”.

About UBS Group

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.