Edge Wealth Management LLC bought a new position in Credit Suisse Group AG (NYSE:CS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $149,000.
Several other institutional investors have also made changes to their positions in CS. united american securities inc. d b a uas asset management acquired a new position in shares of Credit Suisse Group AG during the third quarter worth about $131,000. Roundview Capital LLC acquired a new position in shares of Credit Suisse Group AG during the fourth quarter worth about $149,000. United Capital Financial Advisers LLC raised its position in shares of Credit Suisse Group AG by 17.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 11,841 shares of the company’s stock worth $169,000 after buying an additional 1,717 shares during the period. Riverhead Capital Management LLC raised its position in shares of Credit Suisse Group AG by 484.2% in the third quarter. Riverhead Capital Management LLC now owns 11,952 shares of the company’s stock worth $157,000 after buying an additional 9,906 shares during the period. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Credit Suisse Group AG during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 2.25% of the company’s stock.
Shares of Credit Suisse Group AG (NYSE:CS) traded down 1.636% during midday trading on Thursday, hitting $14.125. The company had a trading volume of 2,259,163 shares. Credit Suisse Group AG has a 12 month low of $10.01 and a 12 month high of $16.17. The company’s market cap is $29.52 billion. The stock’s 50-day moving average price is $15.02 and its 200-day moving average price is $14.56.
Credit Suisse Group AG (NYSE:CS) last issued its quarterly earnings results on Tuesday, February 14th. The company reported ($1.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $1.18. Credit Suisse Group AG had a negative net margin of 27.07% and a negative return on equity of 4.12%. On average, equities research analysts forecast that Credit Suisse Group AG will post $1.08 EPS for the current year.
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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research report on Monday, December 19th. Keefe, Bruyette & Woods upgraded shares of Credit Suisse Group AG from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 31st. Citigroup Inc restated a “buy” rating on shares of Credit Suisse Group AG in a research report on Friday, January 27th. Macquarie downgraded Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a report on Friday, January 13th. Finally, Bank of America Corp raised Credit Suisse Group AG from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.00.
Credit Suisse Group AG Company Profile
Credit Suisse Group AG 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. The Swiss Universal Bank division offers advice and a range of financial solutions to private, corporate and institutional clients.
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