Trexquant Investment LP reduced its position in Credit Suisse Group (NYSE:CS) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,900 shares of the financial services provider’s stock after selling 3,078 shares during the period. Trexquant Investment LP’s holdings in Credit Suisse Group were worth $539,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cypress Wealth Advisors LLC raised its stake in shares of Credit Suisse Group by 1.2% in the first quarter. Cypress Wealth Advisors LLC now owns 20,201 shares of the financial services provider’s stock worth $300,000 after buying an additional 234 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after buying an additional 338 shares during the last quarter. US Bancorp DE raised its stake in shares of Credit Suisse Group by 2.1% in the second quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock worth $283,000 after buying an additional 399 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Credit Suisse Group by 2.3% in the second quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock worth $270,000 after buying an additional 423 shares during the last quarter. Finally, Commonwealth Financial Services LLC raised its stake in shares of Credit Suisse Group by 2.6% in the first quarter. Commonwealth Financial Services LLC now owns 19,704 shares of the financial services provider’s stock worth $283,000 after buying an additional 494 shares during the last quarter. 2.94% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Group (NYSE:CS) opened at 14.91 on Friday. The stock’s market capitalization is $38.07 billion. Credit Suisse Group has a 12 month low of $11.85 and a 12 month high of $16.17. The company’s 50-day moving average is $15.09 and its 200-day moving average is $14.86.

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

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A number of brokerages have recently weighed in on CS. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Friday. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday. BidaskClub lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Credit Suisse Group currently has an average rating of “Buy” and a consensus 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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