UBS Group AG $UBS Shares Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ raised its stake in UBS Group AG (NYSE:UBS) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,336,145 shares of the bank’s stock after buying an additional 45,811 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in UBS Group were worth $54,594,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of UBS Group by 59.9% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,707 shares of the bank’s stock valued at $521,000 after acquiring an additional 4,760 shares during the last quarter. Aire Advisors LLC purchased a new position in UBS Group during the third quarter worth about $230,000. Factory Mutual Insurance Co. acquired a new position in UBS Group in the 3rd quarter valued at about $3,167,000. Fiera Capital Corp grew its stake in shares of UBS Group by 24.7% in the 3rd quarter. Fiera Capital Corp now owns 315,288 shares of the bank’s stock valued at $12,927,000 after buying an additional 62,403 shares during the period. Finally, NewEdge Wealth LLC purchased a new stake in shares of UBS Group in the 3rd quarter valued at approximately $263,000.

UBS Group Trading Up 0.5%

NYSE UBS opened at $42.55 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.02. The firm has a market cap of $132.92 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.41 and a beta of 1.12. The firm has a 50 day simple moving average of $45.99 and a 200-day simple moving average of $41.87. UBS Group AG has a one year low of $25.75 and a one year high of $49.36.

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

UBS Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd. UBS Group’s dividend payout ratio is 14.83%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UBS. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group Profile

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.