CIBC World Markets Inc. increased its position in Credit Suisse Group AG (NYSE:CS) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,859 shares of the company’s stock after buying an additional 3,435 shares during the period. CIBC World Markets Inc.’s holdings in Credit Suisse Group AG were worth $2,758,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CS. Midas Management Corp acquired a new position in Credit Suisse Group AG during the second quarter valued at $975,000. JPMorgan Chase & Co. increased its position in Credit Suisse Group AG by 22.1% in the second quarter. JPMorgan Chase & Co. now owns 758,467 shares of the company’s stock valued at $8,116,000 after buying an additional 137,105 shares during the last quarter. Brandes Investment Partners LP increased its position in Credit Suisse Group AG by 13.1% in the second quarter. Brandes Investment Partners LP now owns 6,299,201 shares of the company’s stock valued at $67,401,000 after buying an additional 731,888 shares during the last quarter. Shah Capital Management acquired a new position in Credit Suisse Group AG during the second quarter valued at $4,066,000. Finally, Traynor Capital Management Inc. acquired a new position in Credit Suisse Group AG during the second quarter valued at $110,000. Institutional investors and hedge funds own 2.31% of the company’s stock.

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

Shares of Credit Suisse Group AG (NYSE:CS) traded down 4.18% during midday trading on Monday, hitting $13.07. 4,860,668 shares of the stock were exchanged. The firm’s market cap is $27.29 billion. The firm’s 50-day moving average is $13.64 and its 200 day moving average is $12.72. Credit Suisse Group AG has a 52-week low of $10.01 and a 52-week high of $22.76.

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Several brokerages recently commented on CS. Zacks Investment Research raised shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research note on Monday. Macquarie cut shares of Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research note on Friday, November 4th. Keefe, Bruyette & Woods raised shares of Credit Suisse Group AG from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 10th. Finally, Bank of America Corp. raised shares of Credit Suisse Group AG from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, November 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Credit Suisse Group AG presently has an average rating of “Hold” and a consensus price target of $17.24.

Credit Suisse Group AG Company Profile

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

5 Day Chart for NYSE:CS

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