Credit Suisse Group AG (CS) Stake Lessened by Morgan Stanley

Share on StockTwits

Morgan Stanley lowered its stake in Credit Suisse Group AG (NYSE:CS) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,650,449 shares of the financial services provider’s stock after selling 35,258 shares during the period. Morgan Stanley owned 0.10% of Credit Suisse Group worth $39,598,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Balasa Dinverno & Foltz LLC boosted its holdings in Credit Suisse Group by 15.9% in the third quarter. Balasa Dinverno & Foltz LLC now owns 32,805 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 4,506 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Credit Suisse Group by 113.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,554 shares of the financial services provider’s stock valued at $128,000 after buying an additional 4,554 shares in the last quarter. HPM Partners LLC boosted its holdings in shares of Credit Suisse Group by 25.5% during the 2nd quarter. HPM Partners LLC now owns 22,850 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,647 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Credit Suisse Group by 17.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 32,364 shares of the financial services provider’s stock valued at $483,000 after buying an additional 4,898 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Credit Suisse Group by 3.2% during the 3rd quarter. Bank of Montreal Can now owns 161,431 shares of the financial services provider’s stock valued at $2,413,000 after buying an additional 4,953 shares in the last quarter. Institutional investors and hedge funds own 2.79% of the company’s stock.

CS opened at $11.82 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $29.55 billion, a PE ratio of 21.89 and a beta of 1.27. Credit Suisse Group AG has a 1 year low of $10.23 and a 1 year high of $19.98.

Credit Suisse Group (NYSE:CS) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.16 earnings per share for the quarter. Credit Suisse Group had a positive return on equity of 4.77% and a negative net margin of 0.98%. The business had revenue of $4.97 billion during the quarter. Sell-side analysts forecast that Credit Suisse Group AG will post 0.99 earnings per share for the current fiscal year.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, January 1st. Societe Generale reaffirmed a “hold” rating on shares of Credit Suisse Group in a research report on Friday, November 2nd. Finally, Keefe, Bruyette & Woods lowered Credit Suisse Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.50.

TRADEMARK VIOLATION WARNING: This news story was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4072205/credit-suisse-group-ag-cs-stake-lessened-by-morgan-stanley.html.

About Credit Suisse Group

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

Recommended Story: Catch-Up Contributions

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 AG (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

Zacks: Analysts Anticipate First Defiance Financial  Will Post Earnings of $0.56 Per Share
Zacks: Analysts Anticipate First Defiance Financial Will Post Earnings of $0.56 Per Share
Brokerages Set $15.75 Target Price for International Money Express Inc
Brokerages Set $15.75 Target Price for International Money Express Inc
Biocept  Shares Gap Down to $1.67
Biocept Shares Gap Down to $1.67
VirnetX  Shares Gap Up to $6.33
VirnetX Shares Gap Up to $6.33
Zacks: Brokerages Anticipate Repligen Co.  Will Post Quarterly Sales of $50.33 Million
Zacks: Brokerages Anticipate Repligen Co. Will Post Quarterly Sales of $50.33 Million
Stealth 24-Hour Volume Tops $138.00
Stealth 24-Hour Volume Tops $138.00


Leave a Reply

© 2006-2019 Ticker Report