Highland Capital Management LLC increased its stake in shares of Credit Suisse Group AG (NYSE:CS) by 73.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,096 shares of the financial services provider’s stock after purchasing an additional 57,400 shares during the quarter. Highland Capital Management LLC’s holdings in Credit Suisse Group were worth $1,574,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC increased its stake in shares of Credit Suisse Group by 98.2% in the 1st quarter. Virtu Financial LLC now owns 43,969 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 21,789 shares during the last quarter. CAPROCK Group Inc. acquired a new position in shares of Credit Suisse Group in the 1st quarter valued at approximately $188,000. Webster Bank N. A. acquired a new position in shares of Credit Suisse Group in the 1st quarter valued at approximately $58,000. Geode Capital Management LLC grew its position in shares of Credit Suisse Group by 109.8% in the 4th quarter. Geode Capital Management LLC now owns 36,893 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 19,305 shares during the period. Finally, Bell & Brown Wealth Advisors LLC grew its position in shares of Credit Suisse Group by 6.2% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 66,575 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 3,900 shares during the period. 2.72% of the stock is currently owned by hedge funds and other institutional investors.
CS traded up $0.02 during trading hours on Friday, reaching $12.33. The company’s stock had a trading volume of 2,191,930 shares, compared to its average volume of 2,888,709. Credit Suisse Group AG has a 52 week low of $10.23 and a 52 week high of $17.17. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.65. The stock has a market cap of $31.52 billion, a PE ratio of 15.58 and a beta of 1.37.
Several equities analysts recently issued reports on CS shares. Berenberg Bank upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Keefe, Bruyette & Woods downgraded Credit Suisse Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. downgraded Credit Suisse Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, March 13th. ValuEngine downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Finally, Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Credit Suisse Group currently has a consensus rating of “Hold” and an average target price of $15.50.
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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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