LGT Fund Management Co Ltd. Sells 97,461 Shares of UBS Group AG $UBS

Key Points

• LGT Fund Management Co Ltd. reduced its stake in UBS Group AG by 28.5%, selling 97,461 shares and retaining 244,036 shares, worth approximately $8.26 million at the end of the recent quarter.
• UBS Group AG's stock price rose by 2.0%, closing at $41.14, with a market cap of $131.91 billion and a PE ratio of 21.77.
• Recent analyst ratings show a consensus of "Moderate Buy" for UBS, with varied ratings from firms such as Citigroup and Morgan Stanley, indicating mixed outlooks for the stock.

LGT Fund Management Co Ltd. reduced its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 28.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,036 shares of the bank's stock after selling 97,461 shares during the period. LGT Fund Management Co Ltd.'s holdings in UBS Group were worth $8,262,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. 111 Capital grew its position in shares of UBS Group by 272.3% in the second quarter. 111 Capital now owns 160,693 shares of the bank's stock valued at $5,440,000 after purchasing an additional 117,534 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of UBS Group in the second quarter valued at about $65,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of UBS Group in the second quarter valued at about $269,000. Hilltop National Bank acquired a new stake in shares of UBS Group in the second quarter valued at about $119,000. Finally, ASR Vermogensbeheer N.V. grew its position in shares of UBS Group by 0.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 794,098 shares of the bank's stock valued at $26,787,000 after purchasing an additional 3,322 shares during the last quarter.

UBS Group Stock Up 2.0%

UBS stock opened at $41.14 on Friday. 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 business's 50-day simple moving average is $40.01 and its 200 day simple moving average is $34.75. The company has a market cap of $131.91 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.34 earnings per share. On average, research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UBS shares. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a research report on Saturday, September 27th. Zacks Research raised UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

About UBS Group

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.

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