World Asset Management Inc Cuts Stake in Credit Suisse Group (NYSE:CS)

World Asset Management Inc cut its stake in shares of Credit Suisse Group (NYSE:CS) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,090 shares of the financial services provider’s stock after selling 6,463 shares during the period. World Asset Management Inc’s holdings in Credit Suisse Group were worth $1,797,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. JFS Wealth Advisors LLC increased its stake in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after buying an additional 338 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Credit Suisse Group by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 44,101 shares of the financial services provider’s stock valued at $644,000 after buying an additional 9,909 shares in the last quarter. Loeb Partners Corp increased its stake in shares of Credit Suisse Group by 150.0% in the second quarter. Loeb Partners Corp now owns 50,000 shares of the financial services provider’s stock valued at $730,000 after buying an additional 30,000 shares in the last quarter. Locust Wood Capital Advisers LLC increased its stake in shares of Credit Suisse Group by 930.9% in the second quarter. Locust Wood Capital Advisers LLC now owns 493,780 shares of the financial services provider’s stock valued at $7,209,000 after buying an additional 445,880 shares in the last quarter. Finally, Naples Global Advisors LLC increased its stake in shares of Credit Suisse Group by 23.2% in the second quarter. Naples Global Advisors LLC now owns 17,500 shares of the financial services provider’s stock valued at $256,000 after buying an additional 3,300 shares in the last quarter. 2.90% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Group (NYSE:CS) opened at 14.88 on Friday. The stock’s market cap is $37.99 billion. Credit Suisse Group has a 52-week low of $11.95 and a 52-week high of $16.17. The firm has a 50-day moving average price of $15.19 and a 200 day moving average price of $14.84.

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

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Several equities research analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Credit Suisse Group in a report on Friday, August 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a report on Thursday, August 10th. BidaskClub downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Zacks Investment Research raised Credit Suisse Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Credit Suisse Group presently has a consensus rating of “Buy” and a consensus target price of $17.00.

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.

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

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