Engineers Gate Manager LP Takes Position in Credit Suisse Group AG (CS)

Engineers Gate Manager LP bought a new position in shares of Credit Suisse Group AG (NYSE:CS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,695 shares of the financial services provider’s stock, valued at approximately $937,000.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Credit Suisse Group by 2.7% during the second quarter. Northern Trust Corp now owns 2,538,736 shares of the financial services provider’s stock worth $37,776,000 after buying an additional 66,330 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of Credit Suisse Group by 6.9% during the second quarter. Tocqueville Asset Management L.P. now owns 1,829,259 shares of the financial services provider’s stock worth $27,219,000 after buying an additional 117,600 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Credit Suisse Group by 103.6% during the second quarter. Millennium Management LLC now owns 1,218,546 shares of the financial services provider’s stock worth $18,132,000 after buying an additional 620,051 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Credit Suisse Group by 5.0% during the third quarter. Aperio Group LLC now owns 1,196,104 shares of the financial services provider’s stock worth $17,870,000 after buying an additional 56,693 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Credit Suisse Group by 2.3% during the third quarter. Fisher Asset Management LLC now owns 734,822 shares of the financial services provider’s stock worth $10,978,000 after buying an additional 16,794 shares in the last quarter. Institutional investors and hedge funds own 2.79% of the company’s stock.

A number of research analysts have weighed in on CS shares. Royal Bank of Canada downgraded Credit Suisse Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, November 23rd. Keefe, Bruyette & Woods downgraded Credit Suisse Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 21st. Barclays upgraded Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 target price for the company in a research note on Monday, September 10th. ValuEngine downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Credit Suisse Group has a consensus rating of “Hold” and a consensus price target of $16.50.

NYSE:CS traded up $0.27 during mid-day trading on Monday, hitting $12.09. 3,905,600 shares of the stock were exchanged, compared to its average volume of 2,701,872. The stock has a market cap of $30.21 billion, a P/E ratio of 22.42 and a beta of 1.38. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82. Credit Suisse Group AG has a fifty-two week low of $11.69 and a fifty-two week high of $19.98.

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Credit Suisse Group Company Profile

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