SG Americas Securities LLC Buys 35,109 Shares of Credit Suisse Group (CS)

SG Americas Securities LLC grew its stake in Credit Suisse Group (NYSE:CS) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,066 shares of the financial services provider’s stock after buying an additional 35,109 shares during the period. SG Americas Securities LLC’s holdings in Credit Suisse Group were worth $5,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CS. JFS Wealth Advisors LLC increased its stake in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after buying an additional 338 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after buying an additional 4,466 shares during the period. M&T Bank Corp acquired a new stake in shares of Credit Suisse Group in the second quarter valued at about $154,000. Fiera Capital Corp acquired a new stake in shares of Credit Suisse Group in the second quarter valued at about $164,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Credit Suisse Group by 893.2% in the second quarter. Tower Research Capital LLC TRC now owns 14,004 shares of the financial services provider’s stock valued at $204,000 after buying an additional 12,594 shares during the period. 2.91% of the stock is owned by institutional investors.

CS has been the subject of several recent research reports. BidaskClub cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. reissued a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Credit Suisse Group in a research note on Friday, August 11th. UBS AG reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Finally, Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. Credit Suisse Group has a consensus rating of “Buy” and an average target price of $17.00.

Shares of Credit Suisse Group (NYSE CS) traded up $0.12 during trading on Friday, hitting $16.10. The company had a trading volume of 1,630,792 shares, compared to its average volume of 2,866,500. Credit Suisse Group has a 52 week low of $13.06 and a 52 week high of $16.46. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41.

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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.

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Institutional Ownership by Quarter for Credit Suisse Group (NYSE:CS)

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