Korea Investment CORP Has $70.63 Million Stock Holdings in UBS Group AG $UBS

Korea Investment CORP decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,728,618 shares of the bank’s stock after selling 75,037 shares during the quarter. Korea Investment CORP’s holdings in UBS Group were worth $70,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after buying an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of UBS Group by 18.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after acquiring an additional 1,267 shares during the period. Focus Partners Wealth grew its stake in shares of UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares during the last quarter.

UBS Group Stock Performance

UBS opened at $38.45 on Monday. The stock has a market cap of $120.10 billion, a PE ratio of 16.29, a P/E/G ratio of 0.37 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $49.36. The stock’s 50 day simple moving average is $44.90 and its 200-day simple moving average is $41.97.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.UBS Group’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd will be paid a $0.55 dividend. The ex-dividend date is Wednesday, April 22nd. UBS Group’s dividend payout ratio is currently 14.83%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UBS. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. The Goldman Sachs Group restated a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. Finally, Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $60.30 in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.