Balasa Dinverno & Foltz LLC cut its holdings in shares of Credit Suisse Group AG (NYSE:CS) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,800 shares of the financial services provider’s stock after selling 13,304 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in Credit Suisse Group were worth $1,982,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Huntington National Bank increased its position in shares of Credit Suisse Group by 433.4% in the 4th quarter. Huntington National Bank now owns 2,091 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,699 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Credit Suisse Group by 245.8% in the 3rd quarter. Parallel Advisors LLC now owns 4,834 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 3,436 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of Credit Suisse Group in the 2nd quarter valued at approximately $72,000. MUFG Americas Holdings Corp purchased a new stake in shares of Credit Suisse Group in the 3rd quarter valued at approximately $78,000. Finally, Corient Capital Partners LLC purchased a new stake in shares of Credit Suisse Group in the 3rd quarter valued at approximately $124,000. Hedge funds and other institutional investors own 2.64% of the company’s stock.
CS stock opened at $13.64 on Wednesday. Credit Suisse Group AG has a one year low of $10.94 and a one year high of $14.12. The stock has a market capitalization of $34.78 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.47 and a beta of 1.43. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.35 and a current ratio of 1.35. The company has a fifty day moving average of $13.47 and a 200-day moving average of $12.55.
A number of equities research analysts have commented on CS shares. Redburn Partners raised shares of Credit Suisse Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Goldman Sachs Group restated a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 4th. UBS Group restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, October 15th. ValuEngine upgraded shares of Credit Suisse Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 24th. Finally, Zacks Investment Research upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Credit Suisse Group currently has an average rating of “Hold” and an average target price of $15.00.
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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