Credit Suisse Group (NYSE:CS) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Credit Suisse Group (NYSE:CS) from a buy rating to a hold rating in a research note published on Tuesday, January 9th.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

CS has been the topic of a number of other research reports. UBS Group restated a buy rating on shares of Credit Suisse Group in a research note on Monday, December 11th. Goldman Sachs Group restated a buy rating on shares of Credit Suisse Group in a research note on Tuesday, December 5th. Citigroup restated a buy rating on shares of Credit Suisse Group in a research note on Friday, December 1st. JPMorgan Chase & Co. restated a buy rating on shares of Credit Suisse Group in a research note on Monday, November 20th. Finally, Santander upgraded shares of Credit Suisse Group from an underperform rating to a buy rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Credit Suisse Group has an average rating of Buy and a consensus price target of $22.00.

Credit Suisse Group (NYSE CS) opened at $19.13 on Tuesday. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $49,580.00, a P/E ratio of -24.84 and a beta of 1.40. Credit Suisse Group has a 52 week low of $13.28 and a 52 week high of $19.98.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.09 EPS for the quarter. Credit Suisse Group had a net margin of 4.97% and a return on equity of 2.24%. analysts forecast that Credit Suisse Group will post -0.15 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Earnest Partners LLC boosted its holdings in shares of Credit Suisse Group by 6.3% in the 3rd quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock valued at $119,896,000 after acquiring an additional 451,238 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Credit Suisse Group by 14.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,057,652 shares of the financial services provider’s stock valued at $32,511,000 after acquiring an additional 254,174 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Credit Suisse Group by 1.0% in the 2nd quarter. Northern Trust Corp now owns 1,982,008 shares of the financial services provider’s stock valued at $28,937,000 after acquiring an additional 18,880 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Credit Suisse Group by 22.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,423,532 shares of the financial services provider’s stock valued at $22,492,000 after acquiring an additional 264,053 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Credit Suisse Group by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 993,419 shares of the financial services provider’s stock valued at $15,696,000 after acquiring an additional 114,649 shares during the last quarter. 2.81% of the stock is currently owned by institutional investors and hedge funds.

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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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