Fiera Capital Corp bought a new position in shares of Credit Suisse Group (NYSE:CS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,230 shares of the financial services provider’s stock, valued at approximately $164,000.

Several other large investors have also modified their holdings of the business. Cypress Wealth Advisors LLC raised its holdings in shares of Credit Suisse Group by 1.2% during the first quarter. Cypress Wealth Advisors LLC now owns 20,201 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 234 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Credit Suisse Group by 5.0% during the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 338 shares during the period. US Bancorp DE raised its holdings in shares of Credit Suisse Group by 2.1% during the second quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 399 shares during the period. TD Asset Management Inc. raised its holdings in shares of Credit Suisse Group by 2.3% during the second quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 423 shares during the period. Finally, United Capital Financial Advisers LLC raised its holdings in shares of Credit Suisse Group by 5.6% during the first quarter. United Capital Financial Advisers LLC now owns 12,510 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 669 shares during the period. 2.94% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on CS shares. Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Monday, September 11th. UBS AG reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, September 5th. ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, J P Morgan Chase & Co assumed coverage on shares of Credit Suisse Group in a report on Monday, June 26th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $16.50.

Shares of Credit Suisse Group (NYSE:CS) opened at 15.68 on Friday. The company has a 50 day moving average of $15.05 and a 200-day moving average of $14.80. The firm’s market cap is $40.04 billion. Credit Suisse Group has a 12-month low of $12.25 and a 12-month high of $16.17.

Credit Suisse Group (NYSE:CS) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The firm had revenue of $5.28 billion during the quarter. Equities research analysts forecast that Credit Suisse Group will post $1.08 EPS for the current fiscal year.

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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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