Contravisory Investment Management Inc. Sells 19,023 Shares of UBS Group AG $UBS

Contravisory Investment Management Inc. lessened its stake in shares of UBS Group AG (NYSE:UBS) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,546 shares of the bank’s stock after selling 19,023 shares during the quarter. UBS Group comprises 2.3% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $11,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in UBS. MidFirst Bank acquired a new position in UBS Group during the 4th quarter worth approximately $30,000. Navalign LLC acquired a new stake in UBS Group in the fourth quarter valued at approximately $32,000. Larson Financial Group LLC increased its holdings in shares of UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after acquiring an additional 445 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of UBS Group during the third quarter valued at approximately $37,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of UBS Group during the fourth quarter worth approximately $40,000.

Key Stories Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: The IMF gave strong backing to Switzerland’s capital plan for UBS, which may reduce uncertainty around the final shape of the new rules and ease concerns about a more restrictive regulatory outcome. Swiss government’s capital plan for UBS Group receives IMF praise
• Positive Sentiment: Reuters reported that UBS CEO Sergio Ermotti said the capital debate will take competitiveness into account, suggesting policymakers may balance tougher banking safeguards with UBS’s ability to compete globally. UBS CEO says capital debate will consider competitiveness concerns
• Neutral Sentiment: UBS was also mentioned in a value-stock article highlighting its profitability and earnings power, but this appears more like a general recognition of fundamentals than a new stock-moving catalyst. 5 Most Profitable Value Stocks to Invest In Now

Analyst Ratings Changes

Several research firms recently issued reports on UBS. Weiss Ratings downgraded shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Price Performance

UBS opened at $49.88 on Friday. UBS Group AG has a 1 year low of $32.69 and a 1 year high of $51.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a market capitalization of $155.84 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 0.83 and a beta of 1.19. The firm’s fifty day moving average price is $46.37 and its two-hundred day moving average price is $44.23.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The company had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. As a group, analysts anticipate that UBS Group AG will post 3.33 earnings per share for the current fiscal year.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.