WCM Investment Management LLC Trims Stock Holdings in UBS Group AG (NYSE:UBS)

WCM Investment Management LLC trimmed its holdings in UBS Group AG (NYSE:UBS) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,185,333 shares of the bank’s stock after selling 8,419 shares during the period. WCM Investment Management LLC’s holdings in UBS Group were worth $158,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of UBS. Berbice Capital Management LLC purchased a new position in UBS Group in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc purchased a new position in shares of UBS Group during the 4th quarter valued at $40,000. Continuum Advisory LLC grew its position in shares of UBS Group by 41.6% during the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of UBS Group during the 3rd quarter valued at $71,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after purchasing an additional 355 shares in the last quarter.

UBS Group Stock Up 0.1 %

Shares of NYSE:UBS opened at $33.43 on Friday. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $35.84. The firm has a fifty day moving average of $32.54 and a 200 day moving average of $31.40. The firm has a market capitalization of $107.17 billion, a PE ratio of 21.99 and a beta of 1.16. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08). The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, research analysts anticipate that UBS Group AG will post 1.95 EPS for the current fiscal year.

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 16th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group’s previous annual dividend of $0.23. This represents a yield of 2.1%. UBS Group’s payout ratio is currently 15.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.