UBS Group AG (NYSE:UBS) Shares Acquired by LGT Group Foundation

Key Points

• LGT Group Foundation increased its ownership in UBS Group AG by 8.1%, acquiring an additional 246,651 shares to reach a total of 3,281,006 shares, making UBS approximately 1.4% of its investment portfolio.
• Recent analyst ratings for UBS show a mix of opinions, with two analysts giving a sell rating, four a hold, five a buy, and one a strong buy, resulting in a consensus rating of "Hold."
• In its latest quarterly earnings report, UBS Group surpassed analysts' expectations, reporting an EPS of $0.72 compared to the consensus estimate of $0.70 and generating $11.55 billion in revenue.

LGT Group Foundation boosted its stake in UBS Group AG (NYSE:UBS - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,281,006 shares of the bank's stock after purchasing an additional 246,651 shares during the quarter. UBS Group comprises approximately 1.4% of LGT Group Foundation's holdings, making the stock its 17th largest holding. LGT Group Foundation owned 0.10% of UBS Group worth $99,715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. LGT Fund Management Co Ltd. lifted its stake in UBS Group by 24.2% in the 1st quarter. LGT Fund Management Co Ltd. now owns 341,497 shares of the bank's stock worth $10,379,000 after purchasing an additional 66,606 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of UBS Group by 38.6% in the 1st quarter. Russell Investments Group Ltd. now owns 7,802,029 shares of the bank's stock worth $237,050,000 after buying an additional 2,174,366 shares during the last quarter. Prudential PLC increased its holdings in shares of UBS Group by 5.2% in the 1st quarter. Prudential PLC now owns 299,648 shares of the bank's stock worth $9,107,000 after buying an additional 14,886 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new stake in shares of UBS Group in the 1st quarter worth about $4,691,000. Finally, Public Sector Pension Investment Board increased its holdings in shares of UBS Group by 5.0% in the 1st quarter. Public Sector Pension Investment Board now owns 2,656,645 shares of the bank's stock worth $80,683,000 after buying an additional 126,221 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UBS shares. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, UBS Group has a consensus rating of "Hold".

UBS Group Stock Performance

UBS Group stock traded down $0.04 during mid-day trading on Thursday, reaching $39.62. 156,180 shares of the company traded hands, compared to its average volume of 3,145,799. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $39.71. The company has a market capitalization of $127.02 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The firm's fifty day moving average is $35.19 and its two-hundred day moving average is $32.98.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the company posted $0.34 earnings per share. On average, equities research analysts expect 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.