Renaissance Technologies LLC reduced its holdings in shares of Credit Suisse Group (NYSE:CS) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,589,188 shares of the financial services provider’s stock after selling 492,856 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Credit Suisse Group worth $37,802,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CS. Parametric Portfolio Associates LLC grew its position in shares of Credit Suisse Group by 6.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,822,612 shares of the financial services provider’s stock valued at $26,610,000 after buying an additional 106,086 shares during the last quarter. Advisor Group Inc. raised its stake in Credit Suisse Group by 16.6% during the 2nd quarter. Advisor Group Inc. now owns 14,437 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 2,055 shares in the last quarter. Quantbot Technologies LP raised its stake in Credit Suisse Group by 24.6% during the 2nd quarter. Quantbot Technologies LP now owns 54,985 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 10,852 shares in the last quarter. M&T Bank Corp acquired a new stake in Credit Suisse Group during the 2nd quarter worth $154,000. Finally, FIL Ltd lifted its position in Credit Suisse Group by 51.8% in the second quarter. FIL Ltd now owns 741,692 shares of the financial services provider’s stock valued at $10,829,000 after acquiring an additional 252,979 shares during the last quarter. 2.94% of the stock is owned by institutional investors and hedge funds.

Shares of Credit Suisse Group (CS) opened at 15.96 on Wednesday. Credit Suisse Group has a 52-week low of $12.34 and a 52-week high of $16.17. The firm’s market capitalization is $40.75 billion. The firm’s 50-day moving average price is $15.16 and its 200-day moving average price is $14.83.

Credit Suisse Group (NYSE:CS) last posted its quarterly 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 business had revenue of $5.28 billion during the quarter. On average, equities analysts predict that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

CS has been the subject of several research analyst reports. Deutsche Bank AG upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Bank of America Corporation began coverage on Credit Suisse Group in a research report on Monday, June 19th. They set a “buy” rating on the stock. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, June 20th. J P Morgan Chase & Co initiated coverage on Credit Suisse Group in a report on Monday, June 26th. They issued an “overweight” rating for the company. Finally, ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Credit Suisse Group has an average rating of “Buy” and a consensus price target of $16.50.

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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.

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

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