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

Northside Capital Management LLC trimmed its position in UBS Group AG (NYSE:UBS) by 40.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,655 shares of the bank’s stock after selling 17,106 shares during the period. Northside Capital Management LLC’s holdings in UBS Group were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBS. Norges Bank acquired a new position in shares of UBS Group in the second quarter valued at approximately $4,878,061,000. Vanguard Group Inc. raised its holdings in UBS Group by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock valued at $4,595,641,000 after acquiring an additional 3,907,669 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of UBS Group by 1.9% during 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 period. Fisher Asset Management LLC lifted its stake in shares of UBS Group by 16.9% during the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock worth $1,975,903,000 after purchasing an additional 8,448,219 shares during the period. Finally, Cevian Capital II GP LTD boosted its holdings in shares of UBS Group by 9.9% during 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 during the last quarter.

Analyst Ratings Changes

Several research firms recently commented on UBS. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UBS Group has an average rating of “Moderate Buy” and an average target price of $60.30.

UBS Group Stock Up 5.0%

Shares of NYSE UBS opened at $44.82 on Wednesday. The stock has a fifty day moving average price of $39.11 and a 200 day moving average price of $38.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $44.95. The company has a market cap 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 issued its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. The company had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $9.68 billion. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Research analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

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.