Try this..hope this will help you.
UILabel * m_pLabel = [[UILabel alloc] initWithFrame:CGRectMake(100, 10, 100, 40)];
[m_pLabel setBackgroundColor:[UIColor redColor]];
[self.view addSubview:m_pLabel];
CABasicAnimation * m_pAnimationObj = [CABasicAnimation animationWithKeyPath:@"transform.translation"];
[m_pAnimationObj setFromValue:[NSValue valueWithCGRect:CGRectMake(100, 10, 100, 40)]];
[m_pAnimationObj setToValue:[NSValue valueWithCGRect:CGRectMake(100, 500, 100, 40)]];
m_pAnimationObj.duration = 1.0;
m_pAnimationObj.timingFunction = [CAMediaTimingFunction functionWithName:kCAMediaTimingFunctionEaseInEaseOut];
[m_pLabel.layer addAnimation:m_pAnimationObj forKey:@"animations"];