Qatar Investment Authority
revealed that they own 4.9% of Credit Suisse Group (NYSE:CS) in a Form 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, August 22nd. The investor owns 126,165,020 shares of the stock worth approximately $1,863,457,345. The disclosure is available through the SEC website at this hyperlink.
Qatar Investment Authority
provided the following explanation of their ownership:
Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6
Warning: file_get_contents(https://whalewisdom.com
126,165,020
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6
A number of other institutional investors have also modified their holdings of CS. HPM Partners LLC purchased a new position in shares of Credit Suisse Group during the first quarter worth about $229,000. AMG National Trust Bank raised its position in shares of Credit Suisse Group by 17.6% in the first quarter. AMG National Trust Bank now owns 135,039 shares of the financial services provider’s stock worth $2,004,000 after buying an additional 20,166 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Credit Suisse Group by 309.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 190,274 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 143,860 shares during the last quarter. Wright Investors Service Inc. raised its position 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, Tocqueville Asset Management L.P. raised its position in shares of Credit Suisse Group by 91.1% in the first quarter. Tocqueville Asset Management L.P. now owns 877,111 shares of the financial services provider’s stock worth $13,016,000 after buying an additional 418,164 shares during the last quarter. 2.90% of the stock is owned by institutional investors and hedge funds.
Credit Suisse Group (CS) traded up 0.61% during mid-day trading on Tuesday, hitting $14.86. The stock had a trading volume of 419,922 shares. The company’s market cap is $37.94 billion. Credit Suisse Group has a 1-year low of $12.19 and a 1-year high of $16.17. The company has a 50-day moving average price of $15.20 and a 200 day moving average price of $14.83.
Credit Suisse Group (NYSE:CS) last announced its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.05. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The firm had revenue of $5.28 billion during the quarter. Equities research analysts forecast that Credit Suisse Group will post $1.08 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/22/qatar-investment-authority-owns-stake-in-credit-suisse-group-cs.html.
A number of equities analysts have issued reports on the company. BidaskClub lowered Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Friday, August 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. Deutsche Bank AG reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. 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.
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.
