Shares of Credit Suisse Group (NYSE:CS) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and ten have given a buy recommendation to the company.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, February 19th. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, February 13th. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, March 7th.
Hedge funds have recently modified their holdings of the business. CIBC World Markets Inc. lifted its stake in shares of Credit Suisse Group by 203.0% in the 1st quarter. CIBC World Markets Inc. now owns 368,946 shares of the financial services provider’s stock valued at $6,195,000 after acquiring an additional 247,169 shares during the last quarter. Verition Fund Management LLC purchased a new position in Credit Suisse Group during the 1st quarter valued at about $192,000. Cubist Systematic Strategies LLC increased its holdings in Credit Suisse Group by 122.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 46,258 shares of the financial services provider’s stock valued at $777,000 after purchasing an additional 25,468 shares during the period. LPL Financial LLC increased its holdings in Credit Suisse Group by 51.9% during the 1st quarter. LPL Financial LLC now owns 215,870 shares of the financial services provider’s stock valued at $3,624,000 after purchasing an additional 73,750 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Credit Suisse Group by 10.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,175 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 3,110 shares during the period. 3.20% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CS traded down $0.09 during mid-day trading on Friday, hitting $16.23. The company had a trading volume of 80,706 shares, compared to its average volume of 1,864,765. The stock has a market cap of $42.43 billion, a PE ratio of 30.06 and a beta of 1.42. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $19.98. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.35 and a current ratio of 1.35.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $5.94 billion during the quarter. Credit Suisse Group had a negative net margin of 2.62% and a positive return on equity of 3.52%. sell-side analysts predict that Credit Suisse Group will post 1.27 EPS for the current year.
The company also recently declared a special dividend, which was paid on Friday, May 18th. Shareholders of record on Monday, May 7th were paid a dividend of $0.2597 per share. This represents a yield of 4.39%. The ex-dividend date of this dividend was Friday, May 4th. Credit Suisse Group’s dividend payout ratio (DPR) is currently 46.30%.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with MarketBeat.com's FREE daily email newsletter.