Commonwealth Equity Services Inc decreased its position in Credit Suisse Group (NYSE:CS) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 53,565 shares of the company’s stock after selling 455 shares during the period. Commonwealth Equity Services Inc’s holdings in Credit Suisse Group were worth $704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CS. First Allied Advisory Services Inc. purchased a new stake in shares of Credit Suisse Group during the second quarter valued at approximately $108,000. Traynor Capital Management Inc. purchased a new stake in shares of Credit Suisse Group during the second quarter valued at approximately $110,000. Bessemer Group Inc. purchased a new stake in shares of Credit Suisse Group during the second quarter valued at approximately $115,000. Private Advisor Group LLC purchased a new stake in shares of Credit Suisse Group during the second quarter valued at approximately $119,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of Credit Suisse Group during the second quarter valued at approximately $126,000. 2.28% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Credit Suisse Group (NYSE:CS) traded up 1.54% during trading on Friday, hitting $15.86. The company had a trading volume of 4,640,028 shares. Credit Suisse Group has a 12-month low of $10.01 and a 12-month high of $18.68. The stock’s market capitalization is $33.12 billion. The stock has a 50-day moving average of $14.89 and a 200 day moving average of $13.17.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Monday, December 19th. Macquarie downgraded shares of Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report on Friday. J P Morgan Chase & Co upgraded shares of Credit Suisse Group from an “underweight” rating to an “overweight” rating in a research report on Thursday, December 8th. Barclays PLC upgraded shares of Credit Suisse Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 4th. Finally, Keefe, Bruyette & Woods upgraded shares of Credit Suisse Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.44.

Credit Suisse Group Company Profile

Credit Suisse Group AG 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. The Swiss Universal Bank division offers advice and a range of financial solutions to private, corporate and institutional clients.

5 Day Chart for NYSE:CS

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