Credit Suisse Group (NYSE:CS) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Credit Suisse Group (NYSE:CS) in a research report report published on Sunday. The firm issued a hold rating on the financial services provider’s stock.

Credit Suisse Group Stock Performance

CS opened at $0.89 on Friday. Credit Suisse Group has a 52 week low of $0.82 and a 52 week high of $6.36. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.79. The business has a fifty day simple moving average of $0.89 and a 200-day simple moving average of $0.89. The firm has a market cap of $2.77 billion, a P/E ratio of 1.37 and a beta of 1.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its position in Credit Suisse Group by 8.9% in the 1st quarter. US Bancorp DE now owns 50,292 shares of the financial services provider’s stock valued at $395,000 after buying an additional 4,130 shares during the period. HighTower Advisors LLC purchased a new position in Credit Suisse Group in the first quarter valued at $135,000. Citigroup Inc. grew its stake in Credit Suisse Group by 162.0% during the 1st quarter. Citigroup Inc. now owns 539,102 shares of the financial services provider’s stock worth $4,232,000 after purchasing an additional 333,335 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Credit Suisse Group by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,131,757 shares of the financial services provider’s stock valued at $40,284,000 after purchasing an additional 192,576 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Credit Suisse Group by 1.8% in the 1st quarter. Sei Investments Co. now owns 274,767 shares of the financial services provider’s stock valued at $2,179,000 after buying an additional 4,883 shares during the period. Hedge funds and other institutional investors own 11.20% of the company’s stock.

Credit Suisse Group Company Profile

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.