Greenleaf Trust Invests $259,000 in Credit Suisse Group AG (CS)

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Greenleaf Trust bought a new position in Credit Suisse Group AG (NYSE:CS) during the first quarter, Holdings Channel reports. The firm bought 22,189 shares of the financial services provider’s stock, valued at approximately $259,000.

Several other large investors have also recently bought and sold shares of CS. New York State Common Retirement Fund boosted its position in shares of Credit Suisse Group by 8.8% in the 1st quarter. New York State Common Retirement Fund now owns 122,397 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 9,932 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV acquired a new stake in shares of Credit Suisse Group in the 1st quarter worth $119,000. Quinn Opportunity Partners LLC boosted its position in shares of Credit Suisse Group by 346.0% in the 1st quarter. Quinn Opportunity Partners LLC now owns 196,249 shares of the financial services provider’s stock worth $2,286,000 after purchasing an additional 152,249 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Credit Suisse Group by 134.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,154 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Janney Capital Management LLC boosted its position in shares of Credit Suisse Group by 5.1% in the 1st quarter. Janney Capital Management LLC now owns 901,054 shares of the financial services provider’s stock worth $10,497,000 after purchasing an additional 43,532 shares in the last quarter. Institutional investors own 2.75% of the company’s stock.

A number of research firms have recently weighed in on CS. Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods cut Credit Suisse Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, March 12th. Berenberg Bank raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. JPMorgan Chase & Co. cut Credit Suisse Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, March 13th. Finally, ValuEngine cut Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Credit Suisse Group presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Shares of CS stock opened at $11.64 on Friday. The firm has a market capitalization of $29.75 billion, a P/E ratio of 13.86 and a beta of 1.37. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.65. Credit Suisse Group AG has a 1 year low of $10.23 and a 1 year high of $16.31.

The company also recently announced a special dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a $0.2641 dividend. This is a positive change from Credit Suisse Group’s previous special dividend of $0.26. The ex-dividend date was Friday, May 3rd. This represents a yield of 2.17%. Credit Suisse Group’s dividend payout ratio (DPR) is 30.95%.

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Credit Suisse Group Profile

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. 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.

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

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