Cubist Systematic Strategies LLC Purchases 64,064 Shares of Credit Suisse Group AG (CS)

Cubist Systematic Strategies LLC boosted its position in Credit Suisse Group AG (NYSE:CS) by 255.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,186 shares of the financial services provider’s stock after purchasing an additional 64,064 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Credit Suisse Group were worth $1,409,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Earnest Partners LLC raised its position in shares of Credit Suisse Group by 6.3% during the 3rd quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock worth $119,896,000 after buying an additional 451,238 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Credit Suisse Group by 8.3% during the 2nd quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock worth $99,003,000 after buying an additional 519,038 shares in the last quarter. Northern Trust Corp raised its position in shares of Credit Suisse Group by 1.0% during the 2nd quarter. Northern Trust Corp now owns 1,982,008 shares of the financial services provider’s stock worth $28,937,000 after buying an additional 18,880 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Credit Suisse Group by 6.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,822,612 shares of the financial services provider’s stock worth $26,610,000 after buying an additional 106,086 shares in the last quarter. Finally, Tocqueville Asset Management L.P. raised its position in shares of Credit Suisse Group by 22.8% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,423,532 shares of the financial services provider’s stock worth $22,492,000 after buying an additional 264,053 shares in the last quarter. Hedge funds and other institutional investors own 2.85% of the company’s stock.

Shares of Credit Suisse Group AG (CS) opened at $17.61 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09. Credit Suisse Group AG has a fifty-two week low of $13.28 and a fifty-two week high of $17.69.

CS has been the topic of a number of recent analyst reports. Santander upgraded shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, September 13th. Societe Generale upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Citigroup restated a “buy” rating on shares of Credit Suisse Group in a research report on Friday, September 8th. Finally, UBS restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $17.00.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/12/17/cubist-systematic-strategies-llc-purchases-64064-shares-of-credit-suisse-group-ag-cs.html.

Credit Suisse Group 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.

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 AG (NYSE:CS).

Institutional Ownership by Quarter 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.

Latest News

Leave a Reply