Credit Suisse Group (NYSE:CS) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.53 and last traded at $16.40, with a volume of 2611500 shares trading hands. The stock had previously closed at $16.12.

A number of research analysts recently issued reports on CS shares. Societe Generale upgraded Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. UBS Group AG reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Santander raised Credit Suisse Group from an “underperform” rating to a “buy” rating in a report on Tuesday, September 26th. Goldman Sachs Group Inc reissued a “buy” rating on shares of Credit Suisse Group in a report on Friday, August 11th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Credit Suisse Group in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $17.00.

The company has a debt-to-equity ratio of 4.09, a current ratio of 1.41 and a quick ratio of 1.41.

A number of hedge funds and other institutional investors have recently bought and sold shares of CS. Sei Investments Co. raised its holdings in shares of Credit Suisse Group by 131.0% during the 2nd quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock worth $40,089,000 after acquiring an additional 1,557,160 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Credit Suisse Group by 19.9% during the 2nd quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock worth $104,202,000 after acquiring an additional 1,185,069 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Credit Suisse Group by 8.3% during the 2nd quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock worth $99,003,000 after acquiring an additional 519,038 shares in the last quarter. Locust Wood Capital Advisers LLC raised its holdings in shares of Credit Suisse Group by 930.9% during the 2nd quarter. Locust Wood Capital Advisers LLC now owns 493,780 shares of the financial services provider’s stock worth $7,209,000 after acquiring an additional 445,880 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Credit Suisse Group by 32.2% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,159,479 shares of the financial services provider’s stock worth $16,928,000 after acquiring an additional 282,368 shares in the last quarter. 2.95% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/credit-suisse-group-cs-sets-new-52-week-high-at-16-53/1722817.html.

Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with Analyst Ratings Network's FREE daily email newsletter.