Earnest Partners LLC lifted its stake in Credit Suisse Group (NYSE:CS) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,137,108 shares of the financial services provider’s stock after acquiring an additional 1,185,069 shares during the quarter. Credit Suisse Group makes up approximately 1.1% of Earnest Partners LLC’s investment portfolio, making the stock its 22nd largest position. Earnest Partners LLC owned approximately 0.28% of Credit Suisse Group worth $104,202,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in Credit Suisse Group by 13.0% during the second quarter. Macquarie Group Ltd. now owns 263,061 shares of the financial services provider’s stock worth $3,841,000 after buying an additional 30,330 shares during the last quarter. HighTower Advisors LLC acquired a new position in Credit Suisse Group during the second quarter worth approximately $335,000. Stifel Financial Corp increased its position in Credit Suisse Group by 13.1% during the second quarter. Stifel Financial Corp now owns 216,382 shares of the financial services provider’s stock worth $3,169,000 after buying an additional 25,029 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Credit Suisse Group by 6.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,822,612 shares of the financial services provider’s stock worth $26,610,000 after buying an additional 106,086 shares during the last quarter. Finally, Advisor Group Inc. increased its position in Credit Suisse Group by 16.6% during the second quarter. Advisor Group Inc. now owns 14,437 shares of the financial services provider’s stock worth $210,000 after buying an additional 2,055 shares during the last quarter. 2.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Credit Suisse Group (CS) traded up 0.63% during trading on Friday, reaching $16.05. The company’s stock had a trading volume of 2,486,561 shares. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $14.85. Credit Suisse Group has a 12 month low of $12.34 and a 12 month high of $16.17. The firm’s market cap is $40.98 billion.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $5.28 billion for the quarter. Equities analysts predict that Credit Suisse Group will post $1.08 EPS for the current year.

A number of equities analysts have weighed in on CS shares. Deutsche Bank AG reissued a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, BidaskClub downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.50.

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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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