JustInvest LLC Acquires 5,997 Shares of Credit Suisse Group AG (NYSE:CS)

JustInvest LLC boosted its holdings in shares of Credit Suisse Group AG (NYSE:CS) by 20.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,646 shares of the financial services provider’s stock after purchasing an additional 5,997 shares during the period. JustInvest LLC’s holdings in Credit Suisse Group were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Credit Suisse Group during the second quarter worth approximately $304,600,000. Dimensional Fund Advisors LP increased its holdings in shares of Credit Suisse Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,608,358 shares of the financial services provider’s stock worth $48,342,000 after buying an additional 13,832 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Credit Suisse Group by 13.6% during the second quarter. Parametric Portfolio Associates LLC now owns 3,344,648 shares of the financial services provider’s stock worth $35,085,000 after buying an additional 399,553 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Credit Suisse Group by 27.0% during the second quarter. BlackRock Inc. now owns 1,951,854 shares of the financial services provider’s stock worth $20,474,000 after buying an additional 414,377 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Credit Suisse Group by 221.1% during the second quarter. Natixis Advisors L.P. now owns 1,675,335 shares of the financial services provider’s stock worth $17,574,000 after buying an additional 1,153,640 shares in the last quarter. 8.13% of the stock is owned by institutional investors.

Several analysts have recently weighed in on CS shares. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Credit Suisse Group in a report on Friday, November 5th. Jefferies Financial Group raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Thursday, January 6th. UBS Group lowered shares of Credit Suisse Group from a “buy” rating to a “neutral” rating in a report on Monday, December 6th. Keefe, Bruyette & Woods lowered shares of Credit Suisse Group from a “market perform” rating to an “underperform” rating in a report on Thursday, January 6th. Finally, BNP Paribas lowered shares of Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report on Friday, January 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.53.

CS opened at $10.55 on Friday. The company has a fifty day moving average price of $9.82 and a two-hundred day moving average price of $10.12. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.91. Credit Suisse Group AG has a 52 week low of $9.06 and a 52 week high of $14.95.

Credit Suisse Group (NYSE:CS) last released its earnings results on Thursday, November 4th. The financial services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Credit Suisse Group had a net margin of 0.26% and a return on equity of 0.17%. The firm had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.60 billion. As a group, research analysts predict that Credit Suisse Group AG will post 0.62 earnings per share for the current fiscal year.

Credit Suisse Group Profile

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland.

Featured Story: Overbought

Want to see what other hedge funds are holding CS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credit Suisse Group AG (NYSE:CS).

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

Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with MarketBeat.com's FREE daily email newsletter.