Credit Suisse Group (CS) Downgraded by Zacks Investment Research to “Hold”

Credit Suisse Group (NYSE:CS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, January 19th.

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 several other research reports. Macquarie upgraded shares of Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 15th. Royal Bank of Canada raised Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, November 20th. UBS Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Finally, Societe Generale cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $22.00.

Shares of Credit Suisse Group (CS) traded up $0.98 during trading on Friday, hitting $18.66. 6,373,990 shares of the stock traded hands, compared to its average volume of 3,912,245. The firm has a market capitalization of $45,036.93, a P/E ratio of -29.62 and a beta of 1.40. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. Credit Suisse Group has a twelve month low of $13.28 and a twelve month high of $19.98.

Several hedge funds and other institutional investors have recently modified their holdings of CS. JPMorgan Chase & Co. lifted its holdings in shares of Credit Suisse Group by 115.1% during the second quarter. JPMorgan Chase & Co. now owns 375,036 shares of the financial services provider’s stock valued at $5,475,000 after acquiring an additional 200,715 shares during the period. Fiera Capital Corp bought a new position in shares of Credit Suisse Group during the second quarter valued at $164,000. Ameriprise Financial Inc. lifted its holdings in shares of Credit Suisse Group by 8.8% during the second quarter. Ameriprise Financial Inc. now owns 137,973 shares of the financial services provider’s stock valued at $2,029,000 after acquiring an additional 11,189 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Credit Suisse Group by 1,061.7% during the second quarter. D.A. Davidson & CO. now owns 20,272 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 18,527 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Credit Suisse Group by 1.0% during the second 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 period. 2.81% of the stock is owned by institutional investors.

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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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