Hansberger Growth Investors LP lifted its position in shares of Credit Suisse Group AG (NYSE:CS) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 309,732 shares of the financial services provider’s stock after acquiring an additional 29,712 shares during the quarter. Credit Suisse Group comprises 5.6% of Hansberger Growth Investors LP’s holdings, making the stock its 10th biggest position. Hansberger Growth Investors LP’s holdings in Credit Suisse Group were worth $4,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of Credit Suisse Group by 113.9% during the third quarter. Tower Research Capital LLC TRC now owns 8,554 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 4,554 shares during the period. Zions Bancorporation acquired a new position in shares of Credit Suisse Group during the third quarter worth about $131,000. Chilton Investment Co. LLC acquired a new position in shares of Credit Suisse Group during the second quarter worth about $149,000. Rhumbline Advisers acquired a new position in shares of Credit Suisse Group during the third quarter worth about $151,000. Finally, Signaturefd LLC increased its stake in shares of Credit Suisse Group by 115.7% during the second quarter. Signaturefd LLC now owns 13,075 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 7,014 shares during the period. Institutional investors and hedge funds own 2.79% of the company’s stock.

Shares of CS opened at $11.33 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82. Credit Suisse Group AG has a twelve month low of $11.05 and a twelve month high of $19.98. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 20.98 and a beta of 1.38.

Credit Suisse Group (NYSE:CS) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.16 earnings per share for the quarter. Credit Suisse Group had a negative net margin of 0.98% and a positive return on equity of 4.77%. The company had revenue of $4.97 billion for the quarter. Equities analysts anticipate that Credit Suisse Group AG will post 1.13 EPS for the current year.

A number of research analysts have recently issued reports on CS shares. Zacks Investment Research upgraded shares of Credit Suisse Group from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, August 21st. JPMorgan Chase & Co. restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. ValuEngine lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Barclays upgraded shares of Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Monday, September 10th. Finally, Societe Generale restated a “hold” rating on shares of Credit Suisse Group in a research report on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

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About Credit Suisse Group

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

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