Fluent Financial LLC increased its holdings in Credit Suisse Group AG (NYSE:CS) by 57.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,799 shares of the financial services provider’s stock after purchasing an additional 32,662 shares during the period. Fluent Financial LLC’s holdings in Credit Suisse Group were worth $1,336,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CS. Morningstar Investment Services LLC boosted its holdings in Credit Suisse Group by 25.3% during the first quarter. Morningstar Investment Services LLC now owns 49,878 shares of the financial services provider’s stock valued at $837,000 after acquiring an additional 10,076 shares during the period. Private Advisor Group LLC bought a new stake in Credit Suisse Group during the first quarter valued at about $343,000. First Republic Investment Management Inc. raised its position in shares of Credit Suisse Group by 55.8% during the first quarter. First Republic Investment Management Inc. now owns 153,667 shares of the financial services provider’s stock valued at $2,580,000 after buying an additional 55,011 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Credit Suisse Group during the second quarter valued at about $215,000. Finally, Stifel Financial Corp raised its position in shares of Credit Suisse Group by 13.9% during the first quarter. Stifel Financial Corp now owns 314,578 shares of the financial services provider’s stock valued at $5,301,000 after buying an additional 38,335 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Several research firms have recently weighed in on CS. Deutsche Bank reaffirmed a “buy” rating on shares of Credit Suisse Group in a report on Wednesday, August 1st. ValuEngine lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.00.

Credit Suisse Group opened at $15.27 on Monday, according to Marketbeat Ratings. The company has a market cap of $39.03 billion, a PE ratio of 28.28 and a beta of 1.34. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.36 and a quick ratio of 1.36. Credit Suisse Group AG has a 1-year low of $14.37 and a 1-year high of $19.98.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.04). The firm had revenue of $5.68 billion for the quarter. Credit Suisse Group had a positive return on equity of 4.31% and a negative net margin of 1.51%. equities analysts predict that Credit Suisse Group AG will post 1.25 earnings per share for the current year.

Credit Suisse Group Profile

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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

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