Contravisory Investment Management Inc. Reduces Stock Holdings in UBS Group AG (NYSE:UBS)

Contravisory Investment Management Inc. cut its position in shares of UBS Group AG (NYSE:UBS) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,505 shares of the bank’s stock after selling 3,037 shares during the period. UBS Group makes up 2.1% of Contravisory Investment Management Inc.’s holdings, making the stock its 11th biggest holding. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $9,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UBS. Versant Capital Management Inc acquired a new stake in shares of UBS Group during the 4th quarter worth about $40,000. Benjamin F. Edwards & Company Inc. boosted its stake in UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after buying an additional 1,416 shares during the period. Continuum Advisory LLC increased its position in shares of UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of UBS Group in the 3rd quarter worth approximately $71,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period.

UBS Group Trading Up 2.2 %

NYSE UBS opened at $32.93 on Thursday. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $33.34. The firm has a 50 day moving average of $31.66 and a two-hundred day moving average of $30.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a market capitalization of $105.59 billion, a PE ratio of 27.44 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted ($0.24) earnings per share. As a group, research analysts expect that UBS Group AG will post 1.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.