LGT Fund Management Co Ltd. Increases Stock Position in UBS Group AG (NYSE:UBS)

LGT Fund Management Co Ltd. increased its position in shares of UBS Group AG (NYSE:UBS) by 24.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 341,497 shares of the bank’s stock after buying an additional 66,606 shares during the quarter. UBS Group makes up 0.9% of LGT Fund Management Co Ltd.’s portfolio, making the stock its 28th largest holding. LGT Fund Management Co Ltd.’s holdings in UBS Group were worth $10,379,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UBS. Goldman Sachs Group Inc. boosted its holdings in UBS Group by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after buying an additional 17,676,829 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in UBS Group by 162.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock worth $858,359,000 after buying an additional 17,525,749 shares in the last quarter. Nuveen LLC purchased a new stake in UBS Group during the first quarter worth $348,161,000. SIH Partners LLLP purchased a new stake in UBS Group during the fourth quarter worth $214,546,000. Finally, Banque Cantonale Vaudoise purchased a new stake in UBS Group during the first quarter worth $206,885,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on UBS shares. Wedbush restated a “neutral” rating on shares of UBS Group in a research report on Tuesday, May 27th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Jefferies Financial Group upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, UBS Group currently has a consensus rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS opened at $38.79 on Tuesday. The firm has a 50-day simple moving average of $34.93 and a 200-day simple moving average of $32.89. The stock has a market capitalization of $124.39 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $39.71.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $11.55 billion during the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the business earned $0.34 earnings per share. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Profile

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.