Dynamic Technology Lab Private Ltd Takes Position in Credit Suisse Group (CS)
Dynamic Technology Lab Private Ltd acquired a new stake in Credit Suisse Group (NYSE:CS) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 12,260 shares of the financial services provider’s stock, valued at approximately $182,000.
A number of other large investors have also made changes to their positions in the company. Blair William & Co. IL purchased a new stake in Credit Suisse Group during the first quarter worth $195,000. SG Americas Securities LLC increased its stake in Credit Suisse Group by 210.8% in the first quarter. SG Americas Securities LLC now owns 686,594 shares of the financial services provider’s stock worth $10,189,000 after buying an additional 465,679 shares during the period. Stifel Financial Corp increased its stake in Credit Suisse Group by 44.5% in the first quarter. Stifel Financial Corp now owns 191,353 shares of the financial services provider’s stock worth $2,845,000 after buying an additional 58,947 shares during the period. Symons Capital Management Inc. purchased a new stake in Credit Suisse Group during the first quarter worth $13,990,000. Finally, Quantbot Technologies LP increased its stake in Credit Suisse Group by 77.9% in the first quarter. Quantbot Technologies LP now owns 44,133 shares of the financial services provider’s stock worth $654,000 after buying an additional 19,329 shares during the period. 3.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Credit Suisse Group (NYSE CS) traded down 0.465% on Tuesday, hitting $13.925. The stock had a trading volume of 391,438 shares. The firm’s 50 day moving average is $14.39 and its 200-day moving average is $14.90. Credit Suisse Group has a one year low of $10.01 and a one year high of $16.17. The stock’s market capitalization is $29.01 billion.
Credit Suisse Group (NYSE:CS) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. Credit Suisse Group had a negative return on equity of 3.20% and a negative net margin of 5.90%. The business had revenue of $5.51 billion for the quarter. Equities research analysts expect that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.
The business also recently announced an annual dividend, which was paid on Friday, May 26th. Investors of record on Wednesday, May 10th were issued a dividend of $0.7042 per share. The ex-dividend date was Monday, May 8th. This represents a yield of 4.6%. Credit Suisse Group’s payout ratio is presently -96.00%.
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A number of research firms have recently weighed in on CS. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday. Bank of America Corporation began coverage on Credit Suisse Group in a research note on Monday. They set a “buy” rating for the company. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, March 7th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, March 14th. Finally, Deutsche Bank AG raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.00.
About Credit Suisse Group
Credit Suisse Group AG (Credit Suisse) 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. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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