World Asset Management Inc Has $443,000 Holdings in Credit Suisse Group AG (NYSE:CS)

World Asset Management Inc cut its holdings in Credit Suisse Group AG (NYSE:CS) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,969 shares of the financial services provider’s stock after selling 1,712 shares during the quarter. World Asset Management Inc’s holdings in Credit Suisse Group were worth $443,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP raised its position in shares of Credit Suisse Group by 14.1% during the first quarter. Brandes Investment Partners LP now owns 4,319,351 shares of the financial services provider’s stock worth $50,321,000 after acquiring an additional 532,324 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Credit Suisse Group by 14.6% in the first quarter. Parametric Portfolio Associates LLC now owns 2,938,799 shares of the financial services provider’s stock worth $34,237,000 after purchasing an additional 374,278 shares in the last quarter. Janney Capital Management LLC increased its holdings in Credit Suisse Group by 5.1% in the first quarter. Janney Capital Management LLC now owns 901,054 shares of the financial services provider’s stock worth $10,497,000 after purchasing an additional 43,532 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Credit Suisse Group by 1.4% in the first quarter. BNP Paribas Arbitrage SA now owns 557,405 shares of the financial services provider’s stock worth $6,494,000 after purchasing an additional 7,482 shares in the last quarter. Finally, Twin Tree Management LP increased its holdings in Credit Suisse Group by 6.0% in the first quarter. Twin Tree Management LP now owns 362,334 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 20,583 shares in the last quarter. 2.69% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Group stock traded down $0.26 during mid-day trading on Monday, reaching $11.48. The stock had a trading volume of 132,159 shares, compared to its average volume of 2,563,207. 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 fifty-two week low of $10.23 and a fifty-two week high of $15.99. The company has a 50-day simple moving average of $12.01. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.46 and a beta of 1.40.

Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $5.57 billion during the quarter. As a group, equities research analysts expect that Credit Suisse Group AG will post 1.33 earnings per share for the current year.

A number of brokerages have weighed in on CS. BMO Capital Markets began coverage on Credit Suisse Group in a report on Friday, July 5th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Credit Suisse Group from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Friday. Finally, ValuEngine downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Credit Suisse Group currently has a consensus rating of “Hold” and a consensus price target of $14.50.

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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