Renaissance Technologies LLC Trims Stock Holdings in UBS Group AG (NYSE:UBS)

Renaissance Technologies LLC lessened its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 628,391 shares of the bank's stock after selling 395,000 shares during the quarter. Renaissance Technologies LLC's holdings in UBS Group were worth $19,053,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UBS. Berbice Capital Management LLC purchased a new position in UBS Group during the fourth quarter worth about $27,000. Rakuten Securities Inc. purchased a new position in shares of UBS Group during the 4th quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in shares of UBS Group in the fourth quarter worth approximately $33,000. Versant Capital Management Inc purchased a new stake in UBS Group in the fourth quarter valued at approximately $40,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in UBS Group during the fourth quarter worth approximately $41,000.

UBS Group Stock Up 0.9 %

Shares of NYSE UBS traded up $0.25 on Tuesday, hitting $28.91. The company had a trading volume of 2,655,249 shares, compared to its average volume of 2,272,300. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $35.84. The firm has a market capitalization of $92.68 billion, a P/E ratio of 19.02 and a beta of 1.16. The business has a 50 day moving average of $31.86 and a two-hundred day moving average of $32.07.

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UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.08). The company had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.90 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) EPS. As a group, equities research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.90 per share. This represents a yield of 2.1%. This is a positive change from UBS Group's previous annual dividend of $0.23. The ex-dividend date is Wednesday, April 16th. UBS Group's dividend payout ratio (DPR) is presently 14.47%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. BNP Paribas upgraded UBS Group from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. StockNews.com lowered UBS Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, UBS Group currently 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.