LGT Group Foundation Sells 1,326,268 Shares of UBS Group AG (NYSE:UBS)

LGT Group Foundation lessened its holdings in UBS Group AG (NYSE:UBS - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,034,355 shares of the bank's stock after selling 1,326,268 shares during the quarter. UBS Group accounts for approximately 1.4% of LGT Group Foundation's investment portfolio, making the stock its 17th biggest holding. LGT Group Foundation owned 0.09% of UBS Group worth $92,700,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of UBS Group by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank's stock worth $3,277,000 after purchasing an additional 1,114 shares in the last quarter. Ritholtz Wealth Management raised its position in UBS Group by 16.6% during the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank's stock worth $6,270,000 after acquiring an additional 29,367 shares in the last quarter. M.E. Allison & CO. Inc. bought a new stake in UBS Group during the fourth quarter worth $354,000. Park Avenue Securities LLC raised its position in UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock worth $1,128,000 after acquiring an additional 6,638 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UBS Group by 17.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank's stock worth $6,801,000 after acquiring an additional 33,089 shares in the last quarter.

UBS Group Price Performance

NYSE:UBS opened at $34.28 on Monday. UBS Group AG has a one year low of $26.00 and a one year high of $35.84. The company has a market cap of $109.91 billion, a P/E ratio of 22.55 and a beta of 1.16. The firm's fifty day moving average price is $33.13 and its two-hundred day moving average price is $31.89. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.08). UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.90 billion. During the same quarter last year, the company posted ($0.09) earnings per share. The company's revenue was up 1.9% on a year-over-year basis. Equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group's previous annual dividend of $0.23. This represents a dividend yield of 2.1%. UBS Group's dividend payout ratio is 19.08%.

Analysts Set New Price Targets

Several analysts have issued reports on UBS shares. BNP Paribas raised shares of UBS Group from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. StockNews.com lowered shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Kepler Capital Markets raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, Morgan Stanley downgraded shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

UBS Group Company 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.

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