Contravisory Investment Management Inc. Sells 3,037 Shares of UBS Group AG (NYSE:UBS)

Contravisory Investment Management Inc. lowered its position in UBS Group AG (NYSE:UBS) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 316,505 shares of the bank’s stock after selling 3,037 shares during the quarter. UBS Group makes up about 2.1% of Contravisory Investment Management Inc.’s portfolio, making the stock its 11th biggest position. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $9,596,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UBS. Charles Schwab Investment Management Inc. raised its holdings in shares of UBS Group by 17.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 220,042 shares of the bank’s stock valued at $6,801,000 after acquiring an additional 33,089 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of UBS Group by 286.3% during the second quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock valued at $8,044,000 after purchasing an additional 201,809 shares in the last quarter. Fisher Asset Management LLC bought a new position in UBS Group in the third quarter worth about $23,884,000. Legal & General Group Plc boosted its holdings in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of UBS Group by 117.1% in the 3rd quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock worth $4,703,000 after buying an additional 82,062 shares during the last quarter.

Analyst Ratings Changes

UBS has been the topic of several analyst reports. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Bank of America assumed coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $32.93 on Thursday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $105.59 billion, a PE ratio of 27.44 and a beta of 1.15. UBS Group AG has a one year low of $26.00 and a one year high of $33.34. The firm has a fifty day moving average of $31.66 and a 200 day moving average of $30.94.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. As a group, research analysts predict that UBS Group AG will post 1.53 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.