IPG Investment Advisors LLC Acquires Shares of 105,940 Credit Suisse Group AG (NYSE:CS)

IPG Investment Advisors LLC acquired a new stake in shares of Credit Suisse Group AG (NYSE:CS) 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.