Earnest Partners LLC Purchases 162,808 Shares of Credit Suisse Group AG (NYSE:CS)

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Earnest Partners LLC raised its position in Credit Suisse Group AG (NYSE:CS) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,545,831 shares of the financial services provider’s stock after purchasing an additional 162,808 shares during the quarter. Earnest Partners LLC owned 0.30% of Credit Suisse Group worth $90,324,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Credit Suisse Group by 30.7% in the second quarter. Renaissance Technologies LLC now owns 9,349,796 shares of the financial services provider’s stock valued at $111,917,000 after buying an additional 2,197,200 shares during the period. Brandes Investment Partners LP increased its stake in shares of Credit Suisse Group by 14.1% in the first quarter. Brandes Investment Partners LP now owns 4,319,351 shares of the financial services provider’s stock valued at $50,321,000 after buying an additional 532,324 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Credit Suisse Group by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 3,347,437 shares of the financial services provider’s stock valued at $40,069,000 after buying an additional 408,638 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Credit Suisse Group by 82.9% in the second quarter. JPMorgan Chase & Co. now owns 506,643 shares of the financial services provider’s stock valued at $6,091,000 after buying an additional 229,647 shares during the period. Finally, Quinn Opportunity Partners LLC increased its stake in shares of Credit Suisse Group by 346.0% in the first quarter. Quinn Opportunity Partners LLC now owns 196,249 shares of the financial services provider’s stock valued at $2,286,000 after buying an additional 152,249 shares during the period. Hedge funds and other institutional investors own 2.63% of the company’s stock.

Shares of Credit Suisse Group stock opened at $13.21 on Friday. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.36 and a current ratio of 1.36. Credit Suisse Group AG has a 52 week low of $10.23 and a 52 week high of $15.99. The stock has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $12.02. The stock has a market capitalization of $32.35 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40.

Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Credit Suisse Group had a return on equity of 5.46% and a net margin of 7.09%. The firm had revenue of $5.57 billion during the quarter. Research analysts forecast that Credit Suisse Group AG will post 1.33 EPS for the current year.

Several brokerages have recently weighed in on CS. Exane BNP Paribas raised Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note on Friday, August 30th. Deutsche Bank reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Friday, August 30th. BMO Capital Markets began coverage on Credit Suisse Group in a research note on Friday, July 5th. They set a “market perform” rating for the company. Zacks Investment Research cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, ValuEngine cut Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Credit Suisse Group currently has an average rating of “Hold” and a consensus target price of $13.00.

Credit Suisse Group Company 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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