Credit Suisse Group (NYSE:CS) Shares Bought by Loeb Partners Corp

Loeb Partners Corp increased its position in Credit Suisse Group (NYSE:CS) by 150.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the financial services provider’s stock after buying an additional 30,000 shares during the period. Loeb Partners Corp’s holdings in Credit Suisse Group were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CS. Guggenheim Capital LLC raised its stake in shares of Credit Suisse Group by 188.0% in the fourth quarter. Guggenheim Capital LLC now owns 95,701 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 62,477 shares in the last quarter. Creative Planning raised its stake in shares of Credit Suisse Group by 3.4% in the first quarter. Creative Planning now owns 44,821 shares of the financial services provider’s stock worth $665,000 after buying an additional 1,453 shares in the last quarter. Highland Capital Management LLC raised its stake in shares of Credit Suisse Group by 14.9% in the first quarter. Highland Capital Management LLC now owns 77,606 shares of the financial services provider’s stock worth $1,152,000 after buying an additional 10,060 shares in the last quarter. Gradient Investments LLC raised its stake in shares of Credit Suisse Group by 16,453.4% in the first quarter. Gradient Investments LLC now owns 17,050 shares of the financial services provider’s stock worth $253,000 after buying an additional 16,947 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Credit Suisse Group by 5.3% in the first quarter. Capstone Asset Management Co. now owns 175,364 shares of the financial services provider’s stock worth $2,602,000 after buying an additional 8,830 shares in the last quarter. Hedge funds and other institutional investors own 2.94% of the company’s stock.

Shares of Credit Suisse Group (NYSE:CS) traded down 0.33% during mid-day trading on Friday, reaching $14.91. 2,802,896 shares of the company traded hands. Credit Suisse Group has a 52 week low of $11.85 and a 52 week high of $16.17. The firm’s market capitalization is $38.07 billion. The firm has a 50-day moving average price of $15.09 and a 200 day moving average price of $14.86.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative return on equity of 2.93% and a negative net margin of 4.84%. On average, analysts anticipate that Credit Suisse Group will post $1.08 earnings per share for the current year.

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CS has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Credit Suisse Group from a “buy” rating to a “strong sell” rating in a research note on Wednesday, April 19th. Deutsche Bank AG upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Bank of America Corporation began coverage on shares of Credit Suisse Group in a research note on Monday, June 19th. They issued a “buy” rating for the company. Morgan Stanley restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, June 20th. Finally, J P Morgan Chase & Co began coverage on shares of Credit Suisse Group in a research report on Monday, June 26th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.00.

About Credit Suisse Group

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.

Institutional Ownership by Quarter for Credit Suisse Group (NYSE:CS)

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