Credit Suisse Group (CS) Upgraded to “Neutral” at Macquarie

Macquarie upgraded shares of Credit Suisse Group (NYSE:CS) from an underperform rating to a neutral rating in a research note released on Wednesday morning.

CS has been the topic of a number of other reports. Morgan Stanley reiterated a buy rating on shares of Credit Suisse Group in a research note on Tuesday, July 18th. Citigroup Inc. reiterated a buy rating on shares of Credit Suisse Group in a research note on Friday, September 8th. UBS AG reiterated a buy rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Deutsche Bank AG reiterated a buy rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. Finally, Societe Generale upgraded Credit Suisse Group from a hold rating to a buy rating in a research note on Monday, September 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $17.00.

Shares of Credit Suisse Group (NYSE CS) traded down $0.03 during trading hours on Wednesday, hitting $15.89. The company’s stock had a trading volume of 2,464,900 shares, compared to its average volume of 3,806,885. Credit Suisse Group has a 12 month low of $13.06 and a 12 month high of $16.46. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09.

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A number of institutional investors and hedge funds have recently modified their holdings of CS. Alliancebernstein L.P. bought a new position in Credit Suisse Group during the first quarter valued at about $1,026,000. Dimensional Fund Advisors LP grew its stake in shares of Credit Suisse Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,772,073 shares of the financial services provider’s stock valued at $26,298,000 after purchasing an additional 9,006 shares during the period. Bank of Montreal Can grew its stake in shares of Credit Suisse Group by 134.8% in the 2nd quarter. Bank of Montreal Can now owns 247,254 shares of the financial services provider’s stock valued at $3,611,000 after purchasing an additional 141,965 shares during the period. Creative Planning grew its stake in shares of Credit Suisse Group by 43.2% in the 2nd quarter. Creative Planning now owns 64,194 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 19,373 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Credit Suisse Group by 286.0% in the 2nd quarter. Fisher Asset Management LLC now owns 590,447 shares of the financial services provider’s stock valued at $8,621,000 after purchasing an additional 437,500 shares during the period. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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