Olayan International Limited recently revealed that they own 5.5% of Credit Suisse Group AG (NYSE:CS) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission on Monday, September 19th. The investor owns 114,733,242 shares of the stock worth about $1,474,322,160. The reporting parties listed on the disclosure included Olayan International Limited, Olayan Investments Company Establishment, Competrol Establishment, Crescent Luxembourg Sarl, Competrol Luxembourg Sarl and Crescent Holding GmbH. The disclosure is available through EDGAR at this hyperlink.

A number of other large investors also recently made changes to their positions in the stock. Brave Asset Management Inc acquired a new position in Credit Suisse Group AG during the second quarter valued at approximately $105,000. First Allied Advisory Services Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at approximately $108,000. Cambridge Investment Research Advisors Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at approximately $110,000. Bessemer Group Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at approximately $115,000. Finally, Traynor Capital Management Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at approximately $110,000. 2.59% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Group AG (NYSE:CS) traded down 1.83% during mid-day trading on Monday, reaching $12.85. 4,561,760 shares of the company traded hands. The firm’s market capitalization is $26.75 billion. Credit Suisse Group AG has a 12-month low of $10.01 and a 12-month high of $27.23. The company’s 50 day moving average price is $12.22 and its 200 day moving average price is $13.17.

Several research firms have commented on CS. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Credit Suisse Group AG in a research note on Monday, June 20th. Sanford C. Bernstein began coverage on shares of Credit Suisse Group AG in a research note on Monday, July 11th. They set an “underperform” rating on the stock. Royal Bank Of Canada downgraded shares of Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 28th. Barclays PLC downgraded shares of Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $19.00 to $14.00 in a research note on Thursday, June 9th. Finally, Keefe, Bruyette & Woods downgraded shares of Credit Suisse Group AG from an “outperform” rating to a “market perform” rating in a research note on Monday, June 13th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.28.

About Credit Suisse Group AG

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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