Smithfield Trust Co. Maintains Stake in Credit Suisse Group (NYSE:CS)

Smithfield Trust Co. continued to hold its position in Credit Suisse Group (NYSE:CS) during the second quarter, Holdings Channel reports. The fund owned 8,700 shares of the financial services provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Credit Suisse Group were worth $127,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its position 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 valued at $103,000 after buying an additional 338 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Credit Suisse Group during the first quarter valued at $148,000. Edge Wealth Management LLC bought a new position in shares of Credit Suisse Group during the first quarter valued at $149,000. Greenleaf Trust bought a new position in shares of Credit Suisse Group during the first quarter valued at $151,000. Finally, Two Sigma Securities LLC bought a new position in shares of Credit Suisse Group during the first quarter valued at $153,000. Hedge funds and other institutional investors own 2.94% of the company’s stock.

Credit Suisse Group (CS) opened at 15.33 on Thursday. The firm has a 50 day moving average price of $15.03 and a 200 day moving average price of $14.86. Credit Suisse Group has a 52 week low of $11.79 and a 52 week high of $16.17. The stock’s market capitalization is $39.14 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. The company had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. Equities research analysts predict that Credit Suisse Group will post $1.08 earnings per share for the current year.

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Several research analysts have weighed in on CS shares. Deutsche Bank AG reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “strong sell” rating in a research note on Wednesday, April 19th. ValuEngine upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co started coverage on Credit Suisse Group in a research note on Monday, June 26th. They issued an “overweight” rating on the stock. Finally, Morgan Stanley reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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