Clearbridge Investments LLC increased its position in Credit Suisse Group AG (NYSE:CS) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,604 shares of the financial services provider’s stock after acquiring an additional 10,289 shares during the period. Clearbridge Investments LLC’s holdings in Credit Suisse Group were worth $8,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of CS. The Manufacturers Life Insurance Company raised its stake in Credit Suisse Group by 25.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 3,349 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Credit Suisse Group during the 3rd quarter valued at about $255,000. Bank of New York Mellon Corp raised its stake in shares of Credit Suisse Group by 13.0% during 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 buying an additional 114,649 shares during the last quarter. Comerica Bank raised its stake in shares of Credit Suisse Group by 20.5% during the 3rd quarter. Comerica Bank now owns 146,731 shares of the financial services provider’s stock valued at $2,336,000 after buying an additional 24,954 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Credit Suisse Group by 12.3% during the 3rd quarter. SG Americas Securities LLC now owns 321,066 shares of the financial services provider’s stock valued at $5,073,000 after buying an additional 35,109 shares during the last quarter. Institutional investors own 3.00% of the company’s stock.
Shares of NYSE:CS traded down $0.33 during trading on Friday, reaching $16.16. 2,799,394 shares of the company’s stock traded hands, compared to its average volume of 2,558,753. Credit Suisse Group AG has a fifty-two week low of $13.28 and a fifty-two week high of $19.98. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 4.10. The stock has a market capitalization of $41,305.15, a PE ratio of 29.93 and a beta of 1.44.
Credit Suisse Group (NYSE:CS) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $0.07 EPS for the quarter. Credit Suisse Group had a positive return on equity of 3.24% and a negative net margin of 3.14%. The firm had revenue of $5.26 billion for the quarter. sell-side analysts expect that Credit Suisse Group AG will post 1.29 earnings per share for the current fiscal year.
CS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Monday, December 25th. UBS reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Monday, December 11th. Societe Generale cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Barclays started coverage on Credit Suisse Group in a research report on Tuesday, January 16th. They set an “underweight” rating on the stock. Finally, Morgan Stanley restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.00.
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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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