Credit Suisse Group Sees Unusually High Options Volume (NYSE:CS)

Credit Suisse Group AG (NYSE:CS – Get Rating) saw some unusual options trading activity on Monday. Stock traders bought 25,386 put options on the company. This represents an increase of 47% compared to the typical volume of 17,224 put options.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CS. Massachusetts Wealth Management purchased a new stake in Credit Suisse Group during the 4th quarter valued at about $90,000. CI Private Wealth LLC purchased a new stake in shares of Credit Suisse Group during the fourth quarter valued at approximately $48,000. Cerity Partners LLC grew its holdings in shares of Credit Suisse Group by 238.1% in the fourth quarter. Cerity Partners LLC now owns 89,628 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 63,117 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Credit Suisse Group in the fourth quarter worth $720,000. Finally, Squarepoint Ops LLC raised its holdings in Credit Suisse Group by 234.8% during the 4th quarter. Squarepoint Ops LLC now owns 837,682 shares of the financial services provider’s stock valued at $2,547,000 after buying an additional 587,462 shares during the last quarter. Hedge funds and other institutional investors own 11.20% of the company’s stock.

Credit Suisse Group Stock Down 1.2 %

Shares of NYSE CS opened at $2.51 on Wednesday. The stock has a market capitalization of $7.81 billion, a P/E ratio of -0.90 and a beta of 1.38. Credit Suisse Group has a one year low of $2.38 and a one year high of $8.35. The firm’s 50 day simple moving average is $3.22 and its two-hundred day simple moving average is $3.82. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.53 and a quick ratio of 1.38.

Credit Suisse Group (NYSE:CS – Get Rating) last released its earnings results on Thursday, February 9th. The financial services provider reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.30 billion. Credit Suisse Group had a negative net margin of 33.10% and a negative return on equity of 3.99%. As a group, analysts expect that Credit Suisse Group will post -0.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Credit Suisse Group from CHF 5.50 to CHF 3.80 and set a “neutral” rating for the company in a research report on Thursday, December 1st. Citigroup lowered Credit Suisse Group from a “buy” rating to a “neutral” rating in a research note on Thursday, February 16th. Morgan Stanley started coverage on Credit Suisse Group in a research report on Friday, January 27th. They set an “equal weight” rating for the company. Bank Of America (Bofa) upgraded shares of Credit Suisse Group from a “neutral” rating to a “buy” rating and set a CHF 3.60 price objective on the stock in a research report on Friday, December 9th. Finally, Bank of America upgraded shares of Credit Suisse Group from a “neutral” rating to a “buy” rating in a research report on Friday, December 9th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.14.

Credit Suisse Group Company Profile

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Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.