Shares of Credit Suisse Group AG (NYSE:CS) shot up 5.5% during trading on Wednesday . The stock traded as high as $18.72 and last traded at $18.66. 6,373,990 shares changed hands during trading, an increase of 63% from the average session volume of 3,912,245 shares. The stock had previously closed at $17.68.

Several research firms have recently commented on CS. Zacks Investment Research raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, January 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, November 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday. Barclays began coverage on shares of Credit Suisse Group in a research report on Tuesday, January 16th. They set an “underweight” rating on the stock. Finally, UBS Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Credit Suisse Group has an average rating of “Buy” and an average target price of $22.00.

The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $45,036.93, a PE ratio of -29.62 and a beta of 1.40.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in shares of Credit Suisse Group by 16.6% during the second 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 during the period. The Manufacturers Life Insurance Company increased its position in shares of Credit Suisse Group by 25.3% during the second quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 3,349 shares during the period. Greenleaf Trust increased its position in shares of Credit Suisse Group by 29.4% during the fourth quarter. Greenleaf Trust now owns 15,749 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 3,574 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Credit Suisse Group by 39.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 12,867 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 3,666 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Credit Suisse Group by 20.6% during the third quarter. D.A. Davidson & CO. now owns 24,447 shares of the financial services provider’s stock worth $386,000 after acquiring an additional 4,175 shares during the period. 2.81% of the stock is currently owned by institutional investors and hedge funds.

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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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