UBS Group AG $UBS Shares Purchased by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. grew its stake in shares of UBS Group AG (NYSE:UBS) by 14.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 279,100 shares of the bank’s stock after acquiring an additional 35,064 shares during the quarter. UBS Group accounts for 0.9% of LGT Fund Management Co Ltd.’s portfolio, making the stock its 25th largest position. LGT Fund Management Co Ltd.’s holdings in UBS Group were worth $11,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Flagship Wealth Advisors LLC purchased a new stake in shares of UBS Group in the third quarter valued at $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in UBS Group during the 2nd quarter worth about $33,000. Private Trust Co. NA increased its position in UBS Group by 75.2% during the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after purchasing an additional 366 shares in the last quarter. Salomon & Ludwin LLC raised its stake in UBS Group by 2,566.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,120 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in UBS Group in the 3rd quarter valued at about $46,000.

Wall Street Analyst Weigh In

UBS has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, January 21st. Bank of America upgraded shares of UBS Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Finally, Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, UBS Group presently has an average rating of “Moderate Buy” and an average target price of $60.30.

UBS Group Trading Down 2.1%

NYSE UBS opened at $38.45 on Monday. The company has a market cap of $120.10 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.37 and a beta of 1.14. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $49.36. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.02 and a quick ratio of 1.03. The company has a 50-day moving average of $44.90 and a 200-day moving average of $41.97.

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 the consensus estimate of $0.25 by $0.12. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same period last year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current 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 $0.55 dividend. The ex-dividend date is Wednesday, April 22nd. UBS Group’s dividend payout ratio (DPR) is 14.83%.

UBS Group Company 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.