Dimensional Fund Advisors LP Has $27.56 Million Stake in Credit Suisse Group AG (CS)

Dimensional Fund Advisors LP lessened its stake in shares of Credit Suisse Group AG (NYSE:CS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,744,101 shares of the financial services provider’s stock after selling 27,972 shares during the period. Dimensional Fund Advisors LP’s holdings in Credit Suisse Group were worth $27,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in shares of Credit Suisse Group during the 3rd quarter worth $121,000. Quadrant Capital Group LLC raised its holdings in shares of Credit Suisse Group by 75.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 4,466 shares during the period. M&T Bank Corp purchased a new position in shares of Credit Suisse Group during the 2nd quarter worth $154,000. Fiera Capital Corp purchased a new position in shares of Credit Suisse Group during the 2nd quarter worth $164,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Credit Suisse Group by 893.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,004 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 12,594 shares during the period. Institutional investors and hedge funds own 2.84% of the company’s stock.

Shares of Credit Suisse Group AG (CS) opened at $18.93 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09. The stock has a market capitalization of $47,848.54, a PE ratio of -30.05 and a beta of 1.51. Credit Suisse Group AG has a 52-week low of $13.28 and a 52-week high of $19.08.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Credit Suisse Group had a negative return on equity of 2.45% and a negative net margin of 3.80%. analysts predict that Credit Suisse Group AG will post -0.15 earnings per share for the current fiscal year.

Several research firms have recently commented on CS. Zacks Investment Research upgraded Credit Suisse Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday. Barclays began coverage on Credit Suisse Group in a report on Tuesday. They set an “underweight” rating on the stock. Societe Generale lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group reiterated a “buy” rating on shares of Credit Suisse Group in a report on Monday, December 11th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Credit Suisse Group has a consensus rating of “Buy” and an average target price of $21.00.

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Credit Suisse Group 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.

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

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