Highland Capital Management LLC raised its stake in shares of Credit Suisse Group (NYSE:CS) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 82,766 shares of the financial services provider’s stock after buying an additional 5,160 shares during the period. Highland Capital Management LLC’s holdings in Credit Suisse Group were worth $1,208,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in CS. Cypress Wealth Advisors LLC increased its position in Credit Suisse Group by 1.2% in the first quarter. Cypress Wealth Advisors LLC now owns 20,201 shares of the financial services provider’s stock valued at $300,000 after buying an additional 234 shares during the last quarter. Commonwealth Financial Services LLC raised its stake in shares of Credit Suisse Group by 2.6% in the first quarter. Commonwealth Financial Services LLC now owns 19,704 shares of the financial services provider’s stock worth $283,000 after buying an additional 494 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in shares of Credit Suisse Group by 5.6% in the first quarter. United Capital Financial Advisers LLC now owns 12,510 shares of the financial services provider’s stock worth $186,000 after buying an additional 669 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of Credit Suisse Group by 4.4% in the first quarter. Wright Investors Service Inc. now owns 23,825 shares of the financial services provider’s stock worth $354,000 after buying an additional 1,005 shares during the last quarter. Finally, Commerce Bank raised its stake in shares of Credit Suisse Group by 9.5% in the first quarter. Commerce Bank now owns 15,208 shares of the financial services provider’s stock worth $225,000 after buying an additional 1,325 shares during the last quarter. 2.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Credit Suisse Group (CS) traded down 1.31% during midday trading on Friday, reaching $15.07. The company had a trading volume of 2,423,412 shares. The company has a 50 day moving average price of $14.40 and a 200-day moving average price of $14.87. Credit Suisse Group has a one year low of $10.77 and a one year high of $16.17. The firm’s market capitalization is $31.40 billion.
Credit Suisse Group (NYSE:CS) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The company had revenue of $5.51 billion during the quarter. Credit Suisse Group had a negative net margin of 5.90% and a negative return on equity of 3.20%. On average, analysts anticipate that Credit Suisse Group will post $1.08 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This piece was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://stocknewstimes.com/2017/07/21/highland-capital-management-llc-acquires-5160-shares-of-credit-suisse-group-cs.html.
CS has been the topic of several research analyst reports. BidaskClub raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday. Zacks Investment Research raised shares of Credit Suisse Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Credit Suisse Group has a consensus rating of “Buy” and an average target price of $17.00.
Credit Suisse Group Company Profile
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
Want to see what other hedge funds are holding CS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credit Suisse Group (NYSE:CS).
Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with MarketBeat.com's FREE daily email newsletter.
