Credit Capital Investments LLC Sells 3,000 Shares of UBS Group AG (NYSE:UBS)

Credit Capital Investments LLC cut its holdings in UBS Group AG (NYSE:UBS) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,000 shares of the bank’s stock after selling 3,000 shares during the quarter. UBS Group comprises 1.7% of Credit Capital Investments LLC’s portfolio, making the stock its 14th largest position. Credit Capital Investments LLC’s holdings in UBS Group were worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Timber Creek Capital Management LLC lifted its position in UBS Group by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 117,613 shares of the bank’s stock valued at $3,566,000 after acquiring an additional 311 shares in the last quarter. Allworth Financial LP lifted its position in UBS Group by 6.4% in the 4th quarter. Allworth Financial LP now owns 5,528 shares of the bank’s stock valued at $168,000 after acquiring an additional 334 shares in the last quarter. Independent Advisor Alliance lifted its position in UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank’s stock valued at $2,607,000 after acquiring an additional 339 shares in the last quarter. Lindbrook Capital LLC lifted its position in UBS Group by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank’s stock valued at $341,000 after acquiring an additional 345 shares in the last quarter. Finally, Commerce Bank lifted its position in UBS Group by 3.9% in the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock valued at $287,000 after acquiring an additional 346 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on UBS. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. BNP Paribas raised shares of UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

UBS Group Stock Up 1.3 %

Shares of UBS stock opened at $33.85 on Wednesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The firm’s 50-day moving average is $33.65 and its 200-day moving average is $32.08. The stock has a market cap of $108.55 billion, a price-to-earnings ratio of 22.27 and a beta of 1.15. UBS Group AG has a 52-week low of $26.01 and a 52-week high of $35.84.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. Sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Increases Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This represents a yield of 2.1%. This is a positive change from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is 19.08%.

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.