Northern Trust Corp Increases Holdings in UBS Group AG $UBS

Key Points

• Northern Trust Corp increased its holdings in UBS Group AG by 4.4% in Q1, now owning approximately 0.13% of the bank's stock valued at $131.45 million.
• Several institutional investors, including Geode Capital and First Trust Advisors, have also recently modified their positions in UBS Group, indicating growing institutional interest.
• UBS Group reported earnings of $0.72 EPS for the last quarter, exceeding analyst expectations of $0.70 EPS, with revenue reaching $11.55 billion.

Northern Trust Corp lifted its position in UBS Group AG (NYSE:UBS - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,291,663 shares of the bank's stock after purchasing an additional 181,551 shares during the quarter. Northern Trust Corp owned about 0.13% of UBS Group worth $131,454,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in UBS Group during the fourth quarter worth about $1,104,000. NewEdge Advisors LLC boosted its stake in shares of UBS Group by 7.1% in the fourth quarter. NewEdge Advisors LLC now owns 40,505 shares of the bank's stock worth $1,228,000 after acquiring an additional 2,685 shares during the last quarter. First Trust Advisors LP lifted its position in UBS Group by 13.4% during the fourth quarter. First Trust Advisors LP now owns 242,471 shares of the bank's stock worth $7,394,000 after buying an additional 28,585 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in UBS Group by 150.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 18,312 shares of the bank's stock worth $555,000 after buying an additional 10,990 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in UBS Group by 0.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock worth $1,998,000 after buying an additional 320 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Two research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

UBS Group Stock Performance

UBS opened at $40.3550 on Friday. The stock has a market cap of $129.40 billion, a P/E ratio of 21.35, a P/E/G ratio of 0.69 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The stock's 50 day simple moving average is $36.18 and its 200 day simple moving average is $33.21. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $40.42.

UBS Group (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the prior year, the firm earned $0.34 EPS. As a group, equities 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.

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