UBS Group AG $UBS Stock Position Trimmed by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. lessened its holdings in UBS Group AG (NYSE:UBS) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 290,546 shares of the bank’s stock after selling 19,023 shares during the quarter. UBS Group accounts for 2.3% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 6th largest position. Contravisory Investment Management Inc.’s holdings in UBS Group were worth $11,352,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in UBS Group by 254.9% during the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock worth $2,601,589,000 after buying an additional 45,731,061 shares during the last quarter. Natixis Advisors LLC grew its position in shares of UBS Group by 21.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,662,233 shares of the bank’s stock valued at $150,152,000 after acquiring an additional 651,133 shares during the period. Fisher Asset Management LLC grew its position in shares of UBS Group by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 61,168,437 shares of the bank’s stock valued at $2,507,906,000 after acquiring an additional 2,744,348 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after purchasing an additional 629,310 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of UBS Group by 3.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 5,382,437 shares of the bank’s stock worth $251,104,000 after purchasing an additional 158,770 shares during the last quarter.

Key Headlines 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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Weiss Ratings downgraded UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Finally, Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Trading Up 1.0%

Shares of UBS opened at $49.88 on Friday. UBS Group AG has a twelve month low of $32.69 and a twelve month high of $51.24. The stock has a market cap of $155.84 billion, a PE ratio of 17.88, a P/E/G ratio of 0.83 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average price is $46.37 and its 200-day moving average price is $44.23.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. On average, equities analysts forecast that UBS Group AG will post 3.33 EPS for the current fiscal year.

UBS Group Company Profile

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.