Equities research analysts at StockNews.com initiated coverage on shares of Credit Suisse Group (NYSE:CS – Get Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.
Credit Suisse Group Stock Performance
Shares of NYSE CS opened at $0.89 on Friday. The firm has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $0.89. The stock has a market cap of $2.77 billion, a P/E ratio of 1.37 and a beta of 1.27. Credit Suisse Group has a 52-week low of $0.82 and a 52-week high of $6.36. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.53 and a current ratio of 1.53.
Institutional Investors Weigh In On Credit Suisse Group
Several institutional investors and hedge funds have recently made changes to their positions in CS. Credit Suisse AG bought a new stake in shares of Credit Suisse Group during the 2nd quarter valued at about $28,000. Captrust Financial Advisors lifted its stake in Credit Suisse Group by 70.3% in the second quarter. Captrust Financial Advisors now owns 7,931 shares of the financial services provider’s stock valued at $45,000 after buying an additional 3,273 shares during the period. Franklin Resources Inc. acquired a new position in Credit Suisse Group in the fourth quarter valued at approximately $32,000. GSA Capital Partners LLP bought a new position in shares of Credit Suisse Group during the 4th quarter worth approximately $33,000. Finally, CI Private Wealth LLC acquired a new stake in shares of Credit Suisse Group during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 11.20% of the company’s stock.
About Credit Suisse Group
Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.
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