IPG Investment Advisors LLC acquired a new stake in shares of Credit Suisse Group AG (NYSE:CS – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 105,940 shares of the financial services provider’s stock, valued at approximately $94,000.
Several other institutional investors and hedge funds also recently bought and sold shares of CS. Insigneo Advisory Services LLC acquired a new stake in shares of Credit Suisse Group in the first quarter valued at about $74,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Credit Suisse Group by 3,095.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 386,244 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 374,156 shares during the last quarter. FMR LLC boosted its position in shares of Credit Suisse Group by 13.2% during the 1st quarter. FMR LLC now owns 150,100 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 17,485 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Credit Suisse Group by 29.4% in the first quarter. Cerity Partners LLC now owns 115,957 shares of the financial services provider’s stock worth $103,000 after buying an additional 26,329 shares during the period. Finally, American Century Companies Inc. raised its position in Credit Suisse Group by 11.0% during the first quarter. American Century Companies Inc. now owns 655,825 shares of the financial services provider’s stock valued at $571,000 after acquiring an additional 64,775 shares in the last quarter. 11.20% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Credit Suisse Group in a research note on Saturday, August 26th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Credit Suisse Group currently has an average rating of “Hold” and a consensus price target of $4.52.
Credit Suisse Group Stock Performance
Shares of Credit Suisse Group stock remained flat at $0.89 on Thursday. Credit Suisse Group AG has a one year low of $0.82 and a one year high of $6.36. The firm’s 50-day moving average is $0.89 and its 200 day moving average is $1.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $2.77 billion, a P/E ratio of 1.37 and a beta of 1.27.
Credit Suisse Group Company Profile
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.
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