NWQ Investment Management Company LLC trimmed its holdings in shares of Credit Suisse Group AG (NYSE:CS) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,781 shares of the financial services provider’s stock after selling 5,181 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Credit Suisse Group were worth $3,370,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Zions Bancorporation grew its position in Credit Suisse Group by 2,018.8% in the 3rd quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in Credit Suisse Group in the 3rd quarter valued at about $121,000. Valeo Financial Advisors LLC acquired a new position in Credit Suisse Group in the 3rd quarter valued at about $145,000. Harbor Advisors LLC acquired a new position in Credit Suisse Group in the 4th quarter valued at about $179,000. Finally, Scotia Capital Inc. acquired a new position in Credit Suisse Group in the 4th quarter valued at about $182,000. 3.00% of the stock is owned by hedge funds and other institutional investors.
Shares of CS opened at $16.16 on Friday. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $41,662.99, a PE ratio of 29.93 and a beta of 1.44. Credit Suisse Group AG has a 1 year low of $13.28 and a 1 year high of $19.98.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $5.26 billion during the quarter. Credit Suisse Group had a positive return on equity of 3.24% and a negative net margin of 3.14%. sell-side analysts expect that Credit Suisse Group AG will post 1.4 EPS for the current year.
Several equities analysts have weighed in on CS shares. UBS reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, January 17th. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, February 13th. Finally, JPMorgan Chase reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.
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Credit Suisse Group 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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