GRATRY & Co LLC Acquires New Holdings in Credit Suisse Group AG (CS)

GRATRY & Co LLC acquired a new stake in shares of Credit Suisse Group AG (NYSE:CS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 165,210 shares of the financial services provider’s stock, valued at approximately $2,949,000. Credit Suisse Group accounts for 3.6% of GRATRY & Co LLC’s portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in Credit Suisse Group by 555.7% during the third quarter. Jane Street Group LLC now owns 194,189 shares of the financial services provider’s stock valued at $3,068,000 after purchasing an additional 164,574 shares during the period. Ingalls & Snyder LLC bought a new position in shares of Credit Suisse Group in the third quarter worth $1,603,000. HighTower Advisors LLC bought a new position in shares of Credit Suisse Group in the second quarter worth $335,000. FNY Partners Fund LP boosted its holdings in shares of Credit Suisse Group by 10.9% in the third quarter. FNY Partners Fund LP now owns 244,922 shares of the financial services provider’s stock worth $3,869,000 after acquiring an additional 24,000 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Credit Suisse Group by 97.0% in the third quarter. First Republic Investment Management Inc. now owns 88,177 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 43,411 shares during the period. 2.80% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Group AG (NYSE:CS) traded down $0.37 during midday trading on Monday, reaching $18.76. The company’s stock had a trading volume of 2,392,703 shares, compared to its average volume of 2,600,717. Credit Suisse Group AG has a twelve month low of $13.28 and a twelve month high of $19.98. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. The stock has a market capitalization of $49,430.00, a P/E ratio of -24.52 and a beta of 1.40.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.09 earnings per share for the quarter. Credit Suisse Group had a negative return on equity of 2.45% and a negative net margin of 3.80%. analysts expect that Credit Suisse Group AG will post -0.15 earnings per share for the current year.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, January 23rd. Barclays started coverage on Credit Suisse Group in a research report on Tuesday, January 16th. They issued an “underweight” rating on the stock. Societe Generale downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $22.00.

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About Credit Suisse Group

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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