Stock Traders Purchase High Volume of Credit Suisse Group Put Options (NYSE:CS)

Credit Suisse Group AG (NYSE:CS) was the recipient of unusually large options trading on Tuesday. Traders purchased 1,344 put options on the stock. This is an increase of approximately 2,389% compared to the typical daily volume of 54 put options.

Several institutional investors have recently modified their holdings of the business. Cornerstone Advisors Inc. raised its position in shares of Credit Suisse Group by 134.4% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,154 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,235 shares during the last quarter. Private Capital Group LLC raised its position in shares of Credit Suisse Group by 213.1% during the 1st quarter. Private Capital Group LLC now owns 2,317 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,577 shares during the last quarter. Covenant Multifamily Offices LLC bought a new stake in shares of Credit Suisse Group during the 1st quarter valued at $40,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Credit Suisse Group by 3.3% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 112,722 shares of the financial services provider’s stock valued at $1,349,000 after acquiring an additional 3,570 shares during the last quarter. Finally, Zions Bancorporation N.A. bought a new stake in shares of Credit Suisse Group during the 1st quarter valued at $44,000. Institutional investors own 2.69% of the company’s stock.

Several research firms have issued reports on CS. Zacks Investment Research raised Falcon Minerals from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. ValuEngine raised United States Steel from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, BMO Capital Markets began coverage on Capstone Mining in a report on Friday, July 5th. They set a “hold” rating and a $1.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.50.

Shares of Credit Suisse Group stock opened at $11.93 on Wednesday. The company’s fifty day simple moving average is $11.98. The company has a market cap of $29.92 billion, a PE ratio of 14.20 and a beta of 1.40. Credit Suisse Group has a 52 week low of $10.23 and a 52 week high of $16.30. 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 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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