Aperio Group LLC boosted its position in Credit Suisse Group (NYSE:CS) by 22.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,207,196 shares of the financial services provider’s stock after purchasing an additional 223,901 shares during the quarter. Aperio Group LLC’s holdings in Credit Suisse Group were worth $20,269,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Focused Wealth Management Inc raised its stake in Credit Suisse Group by 5.4% in the 1st quarter. Focused Wealth Management Inc now owns 82,745 shares of the financial services provider’s stock valued at $1,389,000 after purchasing an additional 4,258 shares during the last quarter. ETRADE Capital Management LLC raised its stake in Credit Suisse Group by 34.8% in the 1st quarter. ETRADE Capital Management LLC now owns 20,012 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 5,169 shares during the last quarter. Montag A & Associates Inc. acquired a new position in Credit Suisse Group in the 1st quarter valued at $176,000. Manchester Capital Management LLC acquired a new position in Credit Suisse Group in the 1st quarter valued at $672,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Credit Suisse Group in the 1st quarter valued at $330,000. 3.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:CS opened at $16.73 on Friday. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $43.04 billion, a price-to-earnings ratio of 30.98 and a beta of 1.42. Credit Suisse Group has a 52-week low of $16.64 and a 52-week high of $16.71.
Credit Suisse Group (NYSE:CS) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $5.94 billion during the quarter. Credit Suisse Group had a negative net margin of 2.62% and a positive return on equity of 3.52%. equities analysts expect that Credit Suisse Group will post 1.27 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Friday, May 18th. Shareholders of record on Monday, May 7th will be issued a $0.2597 dividend. This represents a yield of 4.39%. The ex-dividend date of this dividend is Friday, May 4th. Credit Suisse Group’s payout ratio is currently 46.30%.
CS has been the subject of several recent research reports. JPMorgan Chase reissued a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, March 7th. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, February 15th. Societe Generale upgraded Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Morgan Stanley restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, February 13th. Finally, ValuEngine upgraded Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $21.00.
About Credit Suisse Group
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. 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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