Contravisory Investment Management Inc. Sells 21,022 Shares of UBS Group AG $UBS

Contravisory Investment Management Inc. decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,359 shares of the bank’s stock after selling 21,022 shares during the quarter. UBS Group comprises approximately 2.6% of Contravisory Investment Management Inc.’s holdings, making the stock its 4th largest position. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $13,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its position in shares of UBS Group by 1.1% in the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock valued at $885,000 after acquiring an additional 290 shares during the period. Prospera Financial Services Inc raised its stake in UBS Group by 1.7% during the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after purchasing an additional 310 shares during the last quarter. Keel Point LLC boosted its holdings in UBS Group by 3.8% in the 2nd quarter. Keel Point LLC now owns 9,488 shares of the bank’s stock valued at $321,000 after purchasing an additional 346 shares during the period. Werba Rubin Papier Wealth Management increased its holdings in shares of UBS Group by 4.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock worth $284,000 after purchasing an additional 347 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of UBS Group by 1.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock valued at $640,000 after buying an additional 358 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group Stock Up 2.9%

Shares of NYSE:UBS opened at $46.12 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. The firm has a market cap of $147.89 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.54 and a beta of 1.13. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $46.49. The company’s 50-day moving average price is $39.32 and its two-hundred day moving average price is $38.12.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.43 earnings per share. As a group, research analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

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.