Credit Suisse Group Target of Unusually High Options Trading (NYSE:CS)

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

Analyst Upgrades and Downgrades

CS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft began coverage on Credit Suisse Group in a report on Friday, January 13th. They issued a “hold” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of Credit Suisse Group from CHF 5.50 to CHF 3.80 and set a “neutral” rating on the stock in a report on Thursday, December 1st. Barclays reduced their price target on shares of Credit Suisse Group from CHF 4 to CHF 2.90 and set an “underweight” rating for the company in a report on Friday, January 13th. Royal Bank of Canada began coverage on shares of Credit Suisse Group in a research note on Monday, December 19th. They set a “sector perform” rating on the stock. Finally, StockNews.com raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Credit Suisse Group has an average rating of “Hold” and a consensus price target of $5.14.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Credit Suisse AG purchased a new position in shares of Credit Suisse Group in the second quarter worth $28,000. Ronald Blue Trust Inc. acquired a new position in shares of Credit Suisse Group in the 2nd quarter valued at $50,000. IFP Advisors Inc raised its stake in Credit Suisse Group by 84.5% in the 3rd quarter. IFP Advisors Inc now owns 7,318 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 3,351 shares during the last quarter. Captrust Financial Advisors grew its stake in Credit Suisse Group by 70.3% during the 2nd quarter. Captrust Financial Advisors now owns 7,931 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 3,273 shares during the last quarter. Finally, CWM LLC grew its stake in Credit Suisse Group by 202.1% during the 3rd quarter. CWM LLC now owns 9,024 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 6,037 shares during the last quarter. 11.20% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Group Trading Down 1.2 %

NYSE CS opened at $2.51 on Wednesday. Credit Suisse Group has a 52 week low of $2.38 and a 52 week high of $8.35. The company has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.82. The company has a quick ratio of 1.38, a current ratio of 1.53 and a debt-to-equity ratio of 3.47. The firm has a market cap of $7.81 billion, a PE ratio of -0.90 and a beta of 1.38.

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

About Credit Suisse Group

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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.