Dimensional Fund Advisors LP Decreases Stake in Credit Suisse Group AG (CS)
Dimensional Fund Advisors LP decreased its position in Credit Suisse Group AG (NYSE:CS) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,654,982 shares of the financial services provider’s stock after selling 6,686 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Credit Suisse Group were worth $17,973,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its position in Credit Suisse Group by 12.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 8,772 shares of the financial services provider’s stock worth $95,000 after buying an additional 961 shares in the last quarter. Gator Capital Management LLC grew its position in Credit Suisse Group by 0.6% during the fourth quarter. Gator Capital Management LLC now owns 179,500 shares of the financial services provider’s stock worth $1,949,000 after buying an additional 1,000 shares in the last quarter. Comerica Bank grew its position in Credit Suisse Group by 0.8% during the fourth quarter. Comerica Bank now owns 158,865 shares of the financial services provider’s stock worth $1,961,000 after buying an additional 1,279 shares in the last quarter. Cerity Partners LLC grew its position in Credit Suisse Group by 5.2% during the fourth quarter. Cerity Partners LLC now owns 32,468 shares of the financial services provider’s stock worth $353,000 after buying an additional 1,610 shares in the last quarter. Finally, We Are One Seven LLC acquired a new stake in Credit Suisse Group during the fourth quarter worth approximately $29,000. 2.75% of the stock is currently owned by institutional investors and hedge funds.
NYSE CS opened at $12.91 on Tuesday. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.36 and a quick ratio of 1.36. Credit Suisse Group AG has a fifty-two week low of $10.23 and a fifty-two week high of $17.23. The firm has a market cap of $32.82 billion, a price-to-earnings ratio of 16.25 and a beta of 1.32.
CS has been the topic of a number of analyst reports. JPMorgan Chase & Co. downgraded Credit Suisse Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, March 13th. Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Goldman Sachs Group reissued a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, December 20th. ValuEngine upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Berenberg Bank upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.50.
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About Credit Suisse Group
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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