SG Americas Securities LLC lifted its holdings in Credit Suisse Group AG (NYSE:CS) by 16.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 311,689 shares of the financial services provider’s stock after purchasing an additional 43,066 shares during the quarter. SG Americas Securities LLC’s holdings in Credit Suisse Group were worth $3,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wetherby Asset Management Inc. grew its holdings in shares of Credit Suisse Group by 14.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 68,735 shares of the financial services provider’s stock worth $823,000 after purchasing an additional 8,697 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Credit Suisse Group by 31.8% during the 2nd quarter. Greenleaf Trust now owns 29,242 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 7,053 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Credit Suisse Group by 73.4% in the second quarter. Quadrant Capital Group LLC now owns 64,363 shares of the financial services provider’s stock valued at $760,000 after buying an additional 27,240 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Credit Suisse Group by 3.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 112,722 shares of the financial services provider’s stock valued at $1,349,000 after buying an additional 3,570 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Credit Suisse Group in the second quarter valued at about $113,000. Institutional investors and hedge funds own 2.67% of the company’s stock.

CS has been the topic of several research analyst reports. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. ValuEngine lowered Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. BMO Capital Markets initiated coverage on Credit Suisse Group in a research note on Friday, July 5th. They issued a “market perform” rating on the stock. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.50.

NYSE:CS traded up $0.12 during trading hours on Tuesday, hitting $11.41. The company’s stock had a trading volume of 142,364 shares, compared to its average volume of 2,717,113. The stock has a fifty day simple moving average of $11.99. The stock has a market capitalization of $29.04 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.45 and a beta of 1.40. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.36 and a quick ratio of 1.36. Credit Suisse Group AG has a twelve month low of $10.23 and a twelve month high of $15.99.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, beating the 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 business had revenue of $5.57 billion for the quarter. Equities research analysts forecast that Credit Suisse Group AG will post 1.33 EPS for the current fiscal year.

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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