LGT Group Foundation Raises Stake in UBS Group AG $UBS

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LGT Group Foundation increased its holdings in UBS Group AG (NYSE:UBS) by 10.3% in the third quarter, acquiring an additional 303,120 shares to own a total of 3,244,463 shares. Other institutional investors like Public Sector Pension Investment Board, Lingohr Asset Management GmbH, and Allianz Asset Management GmbH also boosted their stakes. Analyst ratings for UBS Group are mixed, with a consensus of “Moderate Buy” and a target price of $60.30, while the company recently announced a special dividend of $0.55 per share.

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