StockNews.com Begins Coverage on Credit Suisse Group (NYSE:CS)

Investment analysts at StockNews.com assumed coverage on shares of Credit Suisse Group (NYSE:CSGet Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Credit Suisse Group Stock Performance

NYSE:CS opened at $0.89 on Friday. The company has a market cap of $2.77 billion, a P/E ratio of 1.37 and a beta of 1.27. Credit Suisse Group has a twelve month low of $0.82 and a twelve month high of $6.36. The company’s 50-day moving average price is $0.89 and its 200-day moving average price is $0.89. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.79.

Institutional Investors Weigh In On Credit Suisse Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in Credit Suisse Group by 324.9% during the first quarter. Renaissance Technologies LLC now owns 51,972,488 shares of the financial services provider’s stock worth $46,245,000 after purchasing an additional 39,739,500 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Credit Suisse Group by 39.7% during the 1st quarter. Two Sigma Investments LP now owns 13,413,630 shares of the financial services provider’s stock worth $11,935,000 after buying an additional 3,810,643 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Credit Suisse Group by 60.8% during the 1st quarter. Two Sigma Advisers LP now owns 8,527,900 shares of the financial services provider’s stock valued at $7,588,000 after buying an additional 3,225,000 shares during the period. Marshall Wace LLP acquired a new position in Credit Suisse Group in the fourth quarter valued at approximately $4,705,000. Finally, Goldman Sachs Group Inc. grew its position in Credit Suisse Group by 47.8% in the second quarter. Goldman Sachs Group Inc. now owns 3,848,242 shares of the financial services provider’s stock worth $21,820,000 after acquiring an additional 1,244,676 shares during the period. Institutional investors and hedge funds own 11.20% of the company’s stock.

Credit Suisse Group Company Profile

(Get Free Report)

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.

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