Wells Fargo & Company MN reduced its holdings in shares of Credit Suisse Group (NYSE:CS) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 660,254 shares of the financial services provider’s stock after selling 16,654 shares during the period. Wells Fargo & Company MN’s holdings in Credit Suisse Group were worth $9,639,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC increased its holdings in 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 valued at $103,000 after buying an additional 338 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Credit Suisse Group during the first quarter valued at approximately $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in Credit Suisse Group during the first quarter valued at approximately $182,000. United Capital Financial Advisers LLC increased its holdings in 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 valued at $186,000 after buying an additional 669 shares during the last quarter. Finally, Blair William & Co. IL purchased a new stake in Credit Suisse Group during the first quarter valued at approximately $195,000. 2.94% of the stock is owned by institutional investors and hedge funds.

Shares of Credit Suisse Group (NYSE CS) opened at 15.80 on Thursday. The stock’s market capitalization is $40.34 billion. The stock has a 50 day moving average of $15.18 and a 200-day moving average of $14.84. Credit Suisse Group has a 52 week low of $12.34 and a 52 week high of $16.17.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the 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. On average, equities research analysts expect that Credit Suisse Group will post $1.08 EPS for the current year.

A number of analysts have commented on the stock. Santander raised shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research cut shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub cut shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a report on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Credit Suisse Group currently has an average rating of “Buy” and a consensus price target of $16.50.

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Credit Suisse Group Company 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.

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

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