42,761 Shares in UBS Group AG $UBS Acquired by Northside Capital Management LLC

Key Points

• Northside Capital Management LLC acquired 42,761 shares of UBS Group AG, valued at approximately $1,446,000, in its recent 13F filing.
• Research analysts maintain a consensus rating of "Moderate Buy" for UBS Group, with upgrades from firms including Zacks Research and Wall Street Zen.
• UBS Group reported earnings of $0.72 per share for the latest quarter, exceeding analysts' expectations, with revenue of $11.55 billion compared to a consensus estimate of $9.77 billion.

Northside Capital Management LLC purchased a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 42,761 shares of the bank's stock, valued at approximately $1,446,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC raised its holdings in UBS Group by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock worth $640,000 after purchasing an additional 358 shares during the last quarter. First National Bank of Hutchinson raised its holdings in UBS Group by 3.1% during the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after purchasing an additional 367 shares during the last quarter. Allianz SE raised its holdings in UBS Group by 3.2% during the 1st quarter. Allianz SE now owns 12,312 shares of the bank's stock worth $374,000 after purchasing an additional 380 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in UBS Group by 0.3% during the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock worth $4,453,000 after purchasing an additional 386 shares during the last quarter. Finally, Berbice Capital Management LLC raised its holdings in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Citigroup reiterated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research report on Saturday. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

UBS Group Trading Down 0.7%

Shares of UBS Group stock opened at $42.08 on Wednesday. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.57. The stock's 50-day simple moving average is $39.39 and its 200 day simple moving average is $34.30. The stock has a market capitalization of $134.91 billion, a P/E ratio of 22.26, a P/E/G ratio of 0.72 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

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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