UBS Group AG $UBS Shares Acquired by LGT Group Foundation

LGT Group Foundation increased its stake in UBS Group AG (NYSE:UBS) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,244,463 shares of the bank’s stock after buying an additional 303,120 shares during the period. UBS Group comprises about 1.5% of LGT Group Foundation’s investment portfolio, making the stock its 16th largest position. LGT Group Foundation’s holdings in UBS Group were worth $131,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board grew its holdings in UBS Group by 3.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock worth $112,048,000 after acquiring an additional 97,509 shares in the last quarter. Lingohr Asset Management GmbH raised its stake in shares of UBS Group by 1,198.4% in the 3rd quarter. Lingohr Asset Management GmbH now owns 258,115 shares of the bank’s stock valued at $10,559,000 after purchasing an additional 238,235 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of UBS Group by 6.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,439,632 shares of the bank’s stock valued at $181,409,000 after purchasing an additional 265,475 shares in the last quarter. Permanent Capital Management LP bought a new position in shares of UBS Group during the third quarter worth about $2,842,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of UBS Group by 21.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after purchasing an additional 13,417,945 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a report on Friday, February 6th. Finally, Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

UBS Group Price Performance

Shares of NYSE:UBS opened at $38.45 on Monday. The company 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. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $49.36. The firm has a 50-day simple moving average of $44.90 and a 200 day simple moving average of $41.97. The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 3.63.

UBS Group (NYSE:UBS) last issued 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. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the company posted $0.23 earnings per share. UBS Group’s revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Announces Dividend

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

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.