StockNews.com initiated coverage on shares of Credit Suisse Group (NYSE:CS – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.
Separately, Royal Bank of Canada reaffirmed an outperform rating and set a $8.00 price target on shares of Credit Suisse Group in a research report on Tuesday, November 28th.
Credit Suisse Group Price Performance
Institutional Trading of Credit Suisse Group
Several large investors have recently bought and sold shares of the company. Credit Suisse AG purchased a new position in shares of Credit Suisse Group in the second quarter valued at $28,000. Captrust Financial Advisors grew its stake in shares of Credit Suisse Group by 70.3% during the second quarter. Captrust Financial Advisors now owns 7,931 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 3,273 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Credit Suisse Group during the fourth quarter worth about $32,000. GSA Capital Partners LLP purchased a new stake in shares of Credit Suisse Group during the fourth quarter worth about $33,000. Finally, CI Private Wealth LLC acquired a new position in shares of Credit Suisse Group in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 11.20% of the company’s stock.
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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