LGT Fund Management Co Ltd. Has $10.38 Million Position in UBS Group AG (NYSE:UBS)

Key Points

• LGT Fund Management Co Ltd. increased its holdings in UBS Group AG by 24.2%, acquiring an additional 66,606 shares, which brings their total ownership to 341,497 shares.
• UBS Group's stock has experienced a slight decline of 1.9%, currently being valued at $38.79 with a market capitalization of $124.39 billion.
• In recent analyst updates, UBS Group has received mixed ratings, with two analysts recommending a sell and several others issuing hold or buy ratings, leading to an average rating of "Hold."

LGT Fund Management Co Ltd. raised its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 24.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 341,497 shares of the bank's stock after acquiring 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 filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City Holding Co. bought a new position in shares of UBS Group during the first quarter valued at $25,000. Grove Bank & Trust acquired a new stake in shares of UBS Group in the first quarter valued at $28,000. Berbice Capital Management LLC increased its stake in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after buying an additional 477 shares in the last quarter.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

UBS Group Trading Down 0.1%

UBS stock traded down $0.04 during midday trading on Thursday, reaching $39.62. The stock had a trading volume of 156,180 shares, compared to its average volume of 3,145,799. The business has a fifty day simple moving average of $35.19 and a two-hundred day simple moving average of $32.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm has a market cap of $127.02 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 0.70 and a beta of 1.18. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $39.71.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. During the same period last year, the company earned $0.34 earnings per share. As a group, research analysts expect that UBS Group AG will post 1.9 EPS 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.