Shares of Credit Suisse Group AG (NYSE:CS – Get Free Report) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.00.
Separately, StockNews.com began coverage on shares of Credit Suisse Group in a report on Tuesday, November 14th. They issued a “hold” rating for the company.
Credit Suisse Group Price Performance
Institutional Trading of Credit Suisse Group
A number of hedge funds and other institutional investors have recently made changes to their positions in CS. US Bancorp DE increased its holdings in shares of Credit Suisse Group by 8.9% during the 1st quarter. US Bancorp DE now owns 50,292 shares of the financial services provider’s stock worth $395,000 after buying an additional 4,130 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Credit Suisse Group during the 1st quarter worth approximately $135,000. Citigroup Inc. boosted its position in shares of Credit Suisse Group by 162.0% during the 1st quarter. Citigroup Inc. now owns 539,102 shares of the financial services provider’s stock worth $4,232,000 after purchasing an additional 333,335 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Credit Suisse Group by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,131,757 shares of the financial services provider’s stock worth $40,284,000 after purchasing an additional 192,576 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Credit Suisse Group by 1.8% during the 1st quarter. Sei Investments Co. now owns 274,767 shares of the financial services provider’s stock worth $2,179,000 after purchasing an additional 4,883 shares during the period. Institutional investors and hedge funds own 11.20% of the company’s stock.
About Credit Suisse Group
Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.
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