Mackenzie Financial Corp acquired a new stake in Credit Suisse Group AG (NYSE:CS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,966 shares of the financial services provider’s stock, valued at approximately $189,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CS. US Bancorp DE lifted its holdings in Credit Suisse Group by 2.1% during the 2nd quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 399 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Credit Suisse Group by 115.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 375,036 shares of the financial services provider’s stock worth $5,475,000 after purchasing an additional 200,715 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Credit Suisse Group during the 2nd quarter worth approximately $335,000. Ingalls & Snyder LLC acquired a new stake in Credit Suisse Group during the 3rd quarter worth approximately $1,603,000. Finally, Stevens Capital Management LP acquired a new stake in Credit Suisse Group during the 3rd quarter worth approximately $255,000. 2.85% of the stock is owned by institutional investors.

Credit Suisse Group AG (NYSE:CS) opened at $17.49 on Wednesday. Credit Suisse Group AG has a 52 week low of $13.28 and a 52 week high of $17.53. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.41 and a quick ratio of 1.41.

CS has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of Credit Suisse Group in a report on Friday, September 8th. J P Morgan Chase & Co restated a “buy” rating on shares of Credit Suisse Group in a research note on Monday, November 20th. UBS restated a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Societe Generale upgraded Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Macquarie upgraded Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Credit Suisse Group currently has an average rating of “Buy” and a consensus target price of $17.00.

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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.

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

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