Credit Suisse Group (NYSE:CS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 19th.
According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “
Other analysts also recently issued reports about the company. UBS Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Citigroup restated a “buy” rating on shares of Credit Suisse Group in a report on Friday, December 1st. JPMorgan Chase & Co. restated a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 20th. Finally, Santander upgraded Credit Suisse Group from an “underperform” rating to a “buy” rating in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Credit Suisse Group has a consensus rating of “Buy” and a consensus target price of $22.00.
A number of institutional investors have recently made changes to their positions in CS. Zions Bancorporation raised its holdings in Credit Suisse Group by 2,018.8% in the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Credit Suisse Group in the third quarter worth about $121,000. Quadrant Capital Group LLC raised its holdings in Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 4,466 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Credit Suisse Group during the third quarter worth about $145,000. Finally, M&T Bank Corp purchased a new stake in shares of Credit Suisse Group during the second quarter worth about $154,000. Institutional investors and hedge funds own 2.80% of the company’s stock.
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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.
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