Quadrant Capital Group LLC Has $420,000 Stake in Credit Suisse Group AG (NYSE:CS)

Quadrant Capital Group LLC raised its holdings in Credit Suisse Group AG (NYSE:CS) by 26.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,123 shares of the financial services provider’s stock after purchasing an additional 7,812 shares during the quarter. Quadrant Capital Group LLC’s holdings in Credit Suisse Group were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Credit Suisse Group by 252.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,308,059 shares of the financial services provider’s stock worth $19,542,000 after purchasing an additional 936,895 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Credit Suisse Group by 1,125.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,298,021 shares of the financial services provider’s stock worth $19,392,000 after purchasing an additional 1,192,123 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Credit Suisse Group by 30.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 44,220 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 10,258 shares during the period. Dodge & Cox boosted its holdings in Credit Suisse Group by 1.3% in the 3rd quarter. Dodge & Cox now owns 922,641 shares of the financial services provider’s stock worth $13,784,000 after acquiring an additional 11,850 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Credit Suisse Group by 24.1% in the 3rd quarter. Clearbridge Investments LLC now owns 660,342 shares of the financial services provider’s stock worth $9,866,000 after acquiring an additional 128,408 shares during the period. 2.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on CS. Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods cut Credit Suisse Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 12th. Berenberg Bank upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. cut Credit Suisse Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, March 13th. Finally, ValuEngine cut Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

NYSE CS traded down $0.16 on Wednesday, reaching $11.74. The company had a trading volume of 1,263,704 shares, compared to its average volume of 3,142,901. Credit Suisse Group AG has a 1 year low of $10.23 and a 1 year high of $16.69. The stock has a market cap of $30.06 billion, a PE ratio of 14.92 and a beta of 1.37. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.65.

The firm also recently announced a special dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were given a $0.2641 dividend. This represents a dividend yield of 2.17%. This is a positive change from Credit Suisse Group’s previous special dividend of $0.26. The ex-dividend date of this dividend was Friday, May 3rd.

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Credit Suisse Group Company Profile

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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

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