NGAM Advisors L.P. Sells 952 Shares of Credit Suisse Group (CS)

NGAM Advisors L.P. cut its position in shares of Credit Suisse Group (NYSE:CS) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,100 shares of the financial services provider’s stock after selling 952 shares during the period. NGAM Advisors L.P.’s holdings in Credit Suisse Group were worth $3,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CS. HRT Financial LLC bought a new stake in Credit Suisse Group during the first quarter worth about $251,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Credit Suisse Group by 7.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 42,619 shares of the financial services provider’s stock worth $633,000 after buying an additional 3,027 shares during the period. Morgan Stanley increased its position in shares of Credit Suisse Group by 265.7% in the first quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock worth $74,761,000 after buying an additional 3,660,158 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Credit Suisse Group during the first quarter worth $423,000. Finally, Brandes Investment Partners LP increased its position in shares of Credit Suisse Group by 6.7% in the first quarter. Brandes Investment Partners LP now owns 6,262,011 shares of the financial services provider’s stock worth $92,928,000 after buying an additional 391,205 shares during the period. 2.94% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Group (NYSE:CS) opened at 15.33 on Thursday. The firm’s 50-day moving average price is $15.03 and its 200-day moving average price is $14.86. The firm’s market cap is $39.14 billion. Credit Suisse Group has a 12 month low of $11.79 and a 12 month high of $16.17.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (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 company had revenue of $5.28 billion for the quarter. On average, equities research analysts expect that Credit Suisse Group will post $1.08 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2797283/ngam-advisors-l-p-sells-952-shares-of-credit-suisse-group-cs.html.

A number of equities analysts have weighed in on the company. Bank of America Corporation assumed coverage on Credit Suisse Group in a research report on Monday, June 19th. They set a “buy” rating on the stock. BidaskClub downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, July 18th. J P Morgan Chase & Co assumed coverage on Credit Suisse Group in a research report on Monday, June 26th. They set an “overweight” rating on the stock. Finally, ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $17.00.

Credit Suisse Group Company Profile

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.

Want to see what other hedge funds are holding CS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credit Suisse Group (NYSE:CS).

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

Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.