UBS Group AG $UBS Stock Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. decreased its position in UBS Group AG (NYSE:UBS) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,751 shares of the bank’s stock after selling 26,871 shares during the quarter. UBS Group accounts for approximately 1.5% of Contravisory Investment Management Inc.’s holdings, making the stock its 12th largest position. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $12,021,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Madson Wealth Advisors Inc acquired a new stake in shares of UBS Group during the 3rd quarter worth approximately $241,000. Avior Wealth Management LLC acquired a new position in shares of UBS Group during the third quarter worth approximately $405,000. Systrade AG grew its stake in shares of UBS Group by 12.4% in the third quarter. Systrade AG now owns 705,200 shares of the bank’s stock worth $33,941,000 after purchasing an additional 77,900 shares in the last quarter. Wedmont Private Capital bought a new stake in shares of UBS Group during the 3rd quarter worth about $402,000. Finally, Athena Wealth Management LLC acquired a new stake in UBS Group in the third quarter worth approximately $399,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Wednesday, September 2nd. DZ Bank reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. Finally, Bank of America reaffirmed a “buy” rating on shares of UBS Group in a research note on Tuesday, September 1st. 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 two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.30.

UBS Group Price Performance

UBS traded up $0.07 on Tuesday, hitting $47.90. The company had a trading volume of 1,589,538 shares, compared to its average volume of 2,282,476. The stock has a market cap of $149.62 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.72 and a beta of 1.21. The company’s fifty day moving average price is $51.90 and its 200 day moving average price is $48.77. UBS Group AG has a 1-year low of $36.29 and a 1-year high of $55.99.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same quarter last year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that UBS Group AG will post 3.59 EPS for the current year.

About UBS Group

UBS Group AG (NYSE:UBS) is a Switzerland-based global financial services company serving private, institutional and corporate clients. Its principal businesses include wealth management, asset management, investment banking, and personal and corporate banking in Switzerland.

Through its wealth management business, UBS provides investment advice, portfolio management, lending, estate planning and other financial solutions to high-net-worth and ultra-high-net-worth individuals and families.