Brandes Investment Partners LP boosted its position in shares of Credit Suisse Group (NYSE:CS) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,781,049 shares of the financial services provider’s stock after buying an additional 519,038 shares during the period. Credit Suisse Group comprises 1.6% of Brandes Investment Partners LP’s holdings, making the stock its 26th largest position. Brandes Investment Partners LP owned 0.27% of Credit Suisse Group worth $99,003,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of Credit Suisse Group by 16.2% in the first quarter. Fisher Asset Management LLC now owns 152,947 shares of the financial services provider’s stock worth $2,270,000 after buying an additional 21,289 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Credit Suisse Group by 18.8% in the first quarter. Janney Montgomery Scott LLC now owns 34,192 shares of the financial services provider’s stock worth $507,000 after buying an additional 5,410 shares during the period. Wells Fargo & Company MN raised its stake in shares of Credit Suisse Group by 10.4% in the first quarter. Wells Fargo & Company MN now owns 676,908 shares of the financial services provider’s stock worth $10,045,000 after buying an additional 63,900 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Credit Suisse Group by 309.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 190,274 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 143,860 shares during the period. Finally, HPM Partners LLC purchased a new stake in shares of Credit Suisse Group during the first quarter worth $229,000. 2.95% of the stock is owned by institutional investors and hedge funds.

Shares of Credit Suisse Group (NYSE:CS) traded up 0.034% on Friday, reaching $14.645. The company had a trading volume of 302,883 shares. Credit Suisse Group has a 12 month low of $12.25 and a 12 month high of $16.17. The firm’s 50 day moving average is $15.13 and its 200 day moving average is $14.83. The firm’s market capitalization is $37.39 billion.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The business had revenue of $5.28 billion during the quarter. On average, equities research analysts expect that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

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Several research firms have recently commented on CS. Deutsche Bank AG raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. Bank of America Corporation began coverage on Credit Suisse Group in a research report on Monday, June 19th. They issued a “buy” rating for the company. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, June 20th. J P Morgan Chase & Co began coverage on Credit Suisse Group in a research report on Monday, June 26th. They issued an “overweight” rating for the company. Finally, ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $17.00.

About Credit Suisse Group

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.

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Institutional Ownership by Quarter for Credit Suisse Group (NYSE:CS)

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