Credit Suisse Group AG (NYSE:CS) Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Credit Suisse Group AG (NYSE:CS) by 13.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 993,419 shares of the financial services provider’s stock after buying an additional 114,649 shares during the quarter. Bank of New York Mellon Corp’s holdings in Credit Suisse Group were worth $15,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CS. Earnest Partners LLC lifted its position in shares of Credit Suisse Group by 19.9% during the second quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock worth $104,202,000 after purchasing an additional 1,185,069 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Credit Suisse Group by 8.3% during the second quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock worth $99,003,000 after purchasing an additional 519,038 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of Credit Suisse Group by 32.2% during the second quarter. Tocqueville Asset Management L.P. now owns 1,159,479 shares of the financial services provider’s stock worth $16,928,000 after purchasing an additional 282,368 shares in the last quarter. FIL Ltd lifted its position in shares of Credit Suisse Group by 51.8% during the second quarter. FIL Ltd now owns 741,692 shares of the financial services provider’s stock worth $10,829,000 after purchasing an additional 252,979 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Credit Suisse Group during the third quarter worth about $3,690,000. 2.84% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on CS shares. Societe Generale lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday. JPMorgan Chase & Co. restated a “buy” rating on shares of Credit Suisse Group in a research note on Monday, November 20th. UBS Group restated a “buy” rating on shares of Credit Suisse Group in a research note on Monday, December 11th. Finally, Santander upgraded shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $20.00.

Shares of Credit Suisse Group AG (NYSE CS) traded up $0.45 during trading on Thursday, reaching $18.75. 3,427,410 shares of the company’s stock traded hands, compared to its average volume of 2,504,773. The stock has a market capitalization of $47,540.00, a price-to-earnings ratio of -24.04 and a beta of 1.51. Credit Suisse Group AG has a one year low of $13.28 and a one year high of $18.75. The company has a debt-to-equity ratio of 4.09, a current ratio of 1.41 and a quick ratio of 1.41.

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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.

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

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