HBK Investments L P trimmed its position in shares of Credit Suisse Group AG (NYSE:CS) by 59.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,825 shares of the financial services provider’s stock after selling 53,275 shares during the quarter. HBK Investments L P’s holdings in Credit Suisse Group were worth $639,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of CS. Zions Bancorporation grew its stake in Credit Suisse Group by 2,018.8% during the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock worth $119,000 after buying an additional 7,187 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Credit Suisse Group during the third quarter worth about $121,000. Valeo Financial Advisors LLC bought a new stake in Credit Suisse Group during the third quarter worth about $145,000. Harbor Advisors LLC bought a new stake in shares of Credit Suisse Group during the fourth quarter valued at approximately $179,000. Finally, Scotia Capital Inc. bought a new stake in shares of Credit Suisse Group during the fourth quarter valued at approximately $182,000. 3.00% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on CS. Zacks Investment Research cut shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, March 7th. Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, February 13th. Finally, Barclays began coverage on shares of Credit Suisse Group in a research note on Tuesday, January 16th. They set an “underweight” rating on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Credit Suisse Group has an average rating of “Hold” and a consensus price target of $21.00.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. Credit Suisse Group had a negative net margin of 3.14% and a positive return on equity of 3.24%. The firm had revenue of $5.26 billion for the quarter. analysts anticipate that Credit Suisse Group AG will post 1.4 EPS for the current fiscal year.
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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.
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