Gradient Investments LLC Purchases 22,982 Shares of Credit Suisse Group AG (CS)

Gradient Investments LLC lifted its stake in shares of Credit Suisse Group AG (NYSE:CS) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,742 shares of the financial services provider’s stock after purchasing an additional 22,982 shares during the period. Gradient Investments LLC’s holdings in Credit Suisse Group were worth $1,870,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Earnest Partners LLC raised its stake in Credit Suisse Group by 6.3% in the 3rd quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock valued at $119,896,000 after acquiring an additional 451,238 shares during the period. Parametric Portfolio Associates LLC raised its stake in Credit Suisse Group by 14.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,057,652 shares of the financial services provider’s stock valued at $32,511,000 after acquiring an additional 254,174 shares during the period. Northern Trust Corp raised its stake in Credit Suisse Group by 1.0% in the 2nd quarter. Northern Trust Corp now owns 1,982,008 shares of the financial services provider’s stock valued at $28,937,000 after acquiring an additional 18,880 shares during the period. Tocqueville Asset Management L.P. raised its stake in Credit Suisse Group by 22.8% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,423,532 shares of the financial services provider’s stock valued at $22,492,000 after acquiring an additional 264,053 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Credit Suisse Group by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 993,419 shares of the financial services provider’s stock valued at $15,696,000 after acquiring an additional 114,649 shares during the period. Institutional investors own 2.81% of the company’s stock.

CS has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Friday, December 1st. Societe Generale cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Goldman Sachs Group reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Zacks Investment Research cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Macquarie upgraded Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.00.

Shares of Credit Suisse Group AG (NYSE:CS) opened at $17.56 on Monday. Credit Suisse Group AG has a 1-year low of $13.28 and a 1-year high of $19.98. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41.

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About Credit Suisse Group

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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