WCM Investment Management LLC Acquires 119,188 Shares of UBS Group AG (NYSE:UBS)

WCM Investment Management LLC boosted its stake in UBS Group AG (NYSE:UBS - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,304,521 shares of the bank's stock after purchasing an additional 119,188 shares during the period. WCM Investment Management LLC owned about 0.17% of UBS Group worth $167,411,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. City Holding Co. bought a new stake in shares of UBS Group in the 1st quarter valued at about $25,000. Grove Bank & Trust bought a new position in shares of UBS Group during the first quarter worth about $28,000. Rakuten Securities Inc. acquired a new position in shares of UBS Group in the fourth quarter worth approximately $30,000. Headlands Technologies LLC acquired a new position in shares of UBS Group in the fourth quarter worth approximately $33,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in UBS Group in the fourth quarter valued at approximately $41,000.

Analyst Upgrades and Downgrades

UBS has been the subject of several analyst reports. Wedbush restated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Stock Up 2.9%

NYSE:UBS traded up $0.97 during trading hours on Wednesday, reaching $34.74. The company had a trading volume of 3,782,337 shares, compared to its average volume of 2,433,492. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $35.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. The firm has a market cap of $111.39 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 0.88 and a beta of 1.15. The business's 50-day simple moving average is $31.85 and its two-hundred day simple moving average is $31.91.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. On average, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

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.