Northside Capital Management LLC Reduces Position in UBS Group AG $UBS

Northside Capital Management LLC cut its holdings in shares of UBS Group AG (NYSE:UBS) by 40.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 25,655 shares of the bank’s stock after selling 17,106 shares during the quarter. Northside Capital Management LLC’s holdings in UBS Group were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UBS. Norges Bank bought a new stake in shares of UBS Group in the second quarter worth $4,878,061,000. Vanguard Group Inc. grew its holdings in UBS Group by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock worth $4,595,641,000 after acquiring an additional 3,907,669 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of UBS Group by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock worth $2,293,986,000 after purchasing an additional 1,363,149 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of UBS Group by 16.9% in the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock valued at $1,975,903,000 after purchasing an additional 8,448,219 shares in the last quarter. Finally, Cevian Capital II GP LTD grew its stake in UBS Group by 9.9% in the second quarter. Cevian Capital II GP LTD now owns 48,117,675 shares of the bank’s stock worth $1,627,340,000 after purchasing an additional 4,330,274 shares in the last quarter.

UBS Group Stock Up 5.0%

UBS Group stock opened at $44.82 on Wednesday. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03. UBS Group AG has a one year low of $25.75 and a one year high of $44.95. The company has a 50-day simple moving average of $39.11 and a 200-day simple moving average of $38.02. The firm has a market capitalization of $143.70 billion, a P/E ratio of 20.19, a P/E/G ratio of 0.69 and a beta of 1.13.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.48 by $0.28. The firm had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. UBS Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on UBS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $60.30 in a report on Tuesday. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Finally, Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, UBS Group has an average rating of “Moderate Buy” and an average price target of $60.30.

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.