Signaturefd LLC raised its holdings in Credit Suisse Group AG (NYSE:CS) by 115.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,075 shares of the financial services provider’s stock after purchasing an additional 7,014 shares during the period. Signaturefd LLC’s holdings in Credit Suisse Group were worth $195,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its stake in shares of Credit Suisse Group by 87.9% in the first quarter. Sei Investments Co. now owns 2,944,086 shares of the financial services provider’s stock worth $49,431,000 after acquiring an additional 1,377,255 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Credit Suisse Group in the first quarter worth approximately $4,309,000. CIBC World Markets Inc. boosted its stake in shares of Credit Suisse Group by 203.0% in the first quarter. CIBC World Markets Inc. now owns 368,946 shares of the financial services provider’s stock worth $6,195,000 after acquiring an additional 247,169 shares during the last quarter. NorthCoast Asset Management LLC acquired a new stake in shares of Credit Suisse Group in the first quarter worth approximately $3,366,000. Finally, Thomas White International Ltd. acquired a new stake in shares of Credit Suisse Group in the first quarter worth approximately $3,204,000. 2.81% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Barclays raised Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 price target on the stock in a research note on Monday, September 10th. ValuEngine lowered Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Finally, Deutsche Bank reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Credit Suisse Group currently has a consensus rating of “Buy” and an average price target of $16.50.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.04). Credit Suisse Group had a positive return on equity of 4.31% and a negative net margin of 1.51%. The company had revenue of $5.68 billion for the quarter. research analysts predict that Credit Suisse Group AG will post 1.25 earnings per share for the current year.
About Credit Suisse Group
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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