Tower Research Capital LLC TRC Grows Holdings in Credit Suisse Group (CS)

Tower Research Capital LLC TRC raised its position in Credit Suisse Group (NYSE:CS) by 893.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,004 shares of the financial services provider’s stock after acquiring an additional 12,594 shares during the period. Tower Research Capital LLC TRC’s holdings in Credit Suisse Group were worth $204,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in shares of Credit Suisse Group by 5.0% during the 2nd quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 338 shares in the last quarter. Two Sigma Securities LLC bought a new stake in shares of Credit Suisse Group during the 1st quarter worth approximately $153,000. M&T Bank Corp bought a new stake in shares of Credit Suisse Group during the 2nd quarter worth approximately $154,000. Fiera Capital Corp bought a new stake in shares of Credit Suisse Group during the 2nd quarter worth approximately $164,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Credit Suisse Group during the 1st quarter worth approximately $182,000. Hedge funds and other institutional investors own 2.94% of the company’s stock.

Credit Suisse Group (NYSE CS) traded down 1.098% during mid-day trading on Wednesday, hitting $15.765. The stock had a trading volume of 365,086 shares. The stock’s market capitalization is $40.30 billion. Credit Suisse Group has a 52 week low of $12.34 and a 52 week high of $16.17. The company’s 50 day moving average is $15.31 and its 200-day moving average is $14.87.

Credit Suisse Group (NYSE:CS) last released its earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The company had revenue of $5.28 billion during the quarter. On average, analysts expect that Credit Suisse Group will post $1.08 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a report on Friday, October 6th. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Santander raised Credit Suisse Group from an “underperform” rating to a “buy” rating in a report on Tuesday, September 26th. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Citigroup Inc. reissued a “buy” rating on shares of Credit Suisse Group in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. Credit Suisse Group presently has an average rating of “Buy” and a consensus price target of $16.50.

Credit Suisse Group Company Profile

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

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