Credit Suisse Group AG (NYSE:CS) dropped 3.4% on Thursday . The company traded as low as $11.01 and last traded at $11.23, with a volume of 5,054,693 shares trading hands. The stock had previously closed at $11.63.

CS has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Credit Suisse Group AG in a research note on Tuesday, June 28th. JPMorgan Chase & Co. downgraded shares of Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research note on Monday, June 27th. BNP Paribas downgraded shares of Credit Suisse Group AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 5th. Zacks Investment Research raised shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Finally, Bank of America Corp. raised shares of Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research note on Friday, May 20th. Six analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.28.

The stock has a 50-day moving average of $11.53 and a 200 day moving average of $14.02. The stock’s market cap is $21.94 billion.

Credit Suisse Group AG (NYSE:CS) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.07. During the same period in the previous year, the business posted $0.79 EPS. The company earned $4.75 billion during the quarter, compared to the consensus estimate of $24.24 billion. The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. On average, equities analysts forecast that Credit Suisse Group AG will post $0.65 EPS for the current fiscal year.

A number of hedge funds and institutional investors have bought and sold shares of the company. Brandes Investment Partners LP increased its position in Credit Suisse Group AG by 121.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,949,132 shares of the company’s stock valued at $63,967,000 after buying an additional 1,617,311 shares during the last quarter. Wells Fargo & Company MN increased its position in Credit Suisse Group AG by 141.9% in the fourth quarter. Wells Fargo & Company MN now owns 914,026 shares of the company’s stock valued at $19,825,000 after buying an additional 536,219 shares during the last quarter. Finally, Comerica Bank increased its position in Credit Suisse Group AG by 19.3% in the fourth quarter. Comerica Bank now owns 105,395 shares of the company’s stock valued at $2,064,000 after buying an additional 17,086 shares during the last quarter.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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