Credit Suisse Group AG (CS) Stake Increased by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its holdings in Credit Suisse Group AG (NYSE:CS) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 309,383 shares of the financial services provider’s stock after buying an additional 6,399 shares during the period. Macquarie Group Ltd.’s holdings in Credit Suisse Group were worth $4,604,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CS. Chilton Investment Co. LLC acquired a new stake in Credit Suisse Group during the second quarter valued at $149,000. Verition Fund Management LLC acquired a new stake in Credit Suisse Group during the first quarter valued at $192,000. Atria Investments LLC acquired a new stake in Credit Suisse Group during the second quarter valued at $215,000. Virtu Financial LLC acquired a new stake in Credit Suisse Group during the second quarter valued at $258,000. Finally, 180 Wealth Advisors LLC boosted its position in Credit Suisse Group by 30.1% during the second quarter. 180 Wealth Advisors LLC now owns 17,442 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 4,033 shares during the last quarter. 2.80% of the stock is owned by institutional investors and hedge funds.
NYSE CS opened at $15.64 on Wednesday. Credit Suisse Group AG has a fifty-two week low of $14.63 and a fifty-two week high of $19.98. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $40.10 billion, a price-to-earnings ratio of 21.79 and a beta of 1.34.
CS has been the subject of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. ValuEngine lowered Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, August 21st. Barclays upgraded Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 target price on the stock in a report on Monday, September 10th. Finally, Deutsche Bank restated a “buy” rating on shares of Credit Suisse Group in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.50.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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