Cerity Partners LLC Purchases New Position in Credit Suisse Group AG (NYSE:CS)

Cerity Partners LLC purchased a new stake in Credit Suisse Group AG (NYSE:CSGet Rating) in the 2nd quarter, HoldingsChannel reports. The firm purchased 12,172 shares of the financial services provider’s stock, valued at approximately $69,000.

Several other large investors have also made changes to their positions in CS. Brandes Investment Partners LP grew its stake in shares of Credit Suisse Group by 75.2% in the 1st quarter. Brandes Investment Partners LP now owns 2,459,269 shares of the financial services provider’s stock valued at $19,305,000 after buying an additional 1,055,281 shares in the last quarter. OLD Mission Capital LLC grew its stake in shares of Credit Suisse Group by 713.4% in the 2nd quarter. OLD Mission Capital LLC now owns 1,008,631 shares of the financial services provider’s stock valued at $5,719,000 after buying an additional 884,628 shares in the last quarter. Citigroup Inc. boosted its position in Credit Suisse Group by 162.0% during the first quarter. Citigroup Inc. now owns 539,102 shares of the financial services provider’s stock worth $4,232,000 after purchasing an additional 333,335 shares during the period. Qube Research & Technologies Ltd bought a new stake in Credit Suisse Group during the first quarter worth approximately $2,515,000. Finally, UBS Group AG boosted its position in Credit Suisse Group by 22.5% during the first quarter. UBS Group AG now owns 1,136,373 shares of the financial services provider’s stock worth $8,921,000 after purchasing an additional 209,057 shares during the period. Institutional investors own 13.07% of the company’s stock.

Credit Suisse Group Price Performance

NYSE:CS opened at $3.83 on Thursday. The stock has a fifty day moving average of $4.42 and a 200 day moving average of $5.36. Credit Suisse Group AG has a 52-week low of $3.70 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of -1.20 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CS shares. JPMorgan Chase & Co. decreased their target price on Credit Suisse Group from CHF 6 to CHF 5.50 in a research report on Monday, October 31st. Royal Bank of Canada raised their target price on Credit Suisse Group from CHF 6 to CHF 6.60 in a report on Wednesday, September 21st. Morgan Stanley dropped their target price on Credit Suisse Group from CHF 6.60 to CHF 6 in a research report on Thursday, July 28th. Barclays reaffirmed an “underweight” rating and set a CHF 4 price target (down previously from CHF 5) on shares of Credit Suisse Group in a research report on Thursday, July 28th. Finally, StockNews.com upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Credit Suisse Group currently has a consensus rating of “Hold” and an average price target of $6.24.

About Credit Suisse Group

(Get Rating)

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services.

Further Reading

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Institutional Ownership by Quarter for Credit Suisse Group (NYSE:CS)

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