Credit Suisse Group AG (CS) Position Trimmed by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Credit Suisse Group AG (NYSE:CS) by 64.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,161 shares of the financial services provider’s stock after selling 275,427 shares during the quarter. Bank of Montreal Can’s holdings in Credit Suisse Group were worth $2,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Auxier Asset Management raised its holdings in shares of Credit Suisse Group by 0.4% in the 2nd quarter. Auxier Asset Management now owns 214,368 shares of the financial services provider’s stock worth $3,130,000 after purchasing an additional 925 shares during the period. Advisor Group Inc. raised its holdings in shares of Credit Suisse Group by 16.6% in the 2nd quarter. Advisor Group Inc. now owns 14,437 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 2,055 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Credit Suisse Group by 25.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 3,349 shares during the period. National Asset Management Inc. raised its holdings in shares of Credit Suisse Group by 15.8% in the 2nd quarter. National Asset Management Inc. now owns 24,537 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 3,353 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of Credit Suisse Group by 20.6% in the 3rd quarter. D.A. Davidson & CO. now owns 24,447 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 4,175 shares during the period. Hedge funds and other institutional investors own 2.80% of the company’s stock.

Shares of Credit Suisse Group AG (CS) opened at $17.56 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. Credit Suisse Group AG has a 12 month low of $13.28 and a 12 month high of $19.98. The stock has a market capitalization of $45,460.00, a PE ratio of -22.81 and a beta of 1.40.

CS has been the topic of a number of research reports. UBS Group restated a “buy” rating on shares of Credit Suisse Group in a report on Monday, December 11th. Goldman Sachs Group restated a “buy” rating on shares of Credit Suisse Group in a 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. reiterated a “buy” rating on shares of Credit Suisse Group in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded Credit Suisse Group from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.00.

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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.

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

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