Today, Quantitative Investment Management LLC Raises it position for Credit Suisse Group AG (CS)

Today, Quantitative Investment Management LLC Raises it position for Credit Suisse Group AG (CS)
Quantitative Investment Management LLC boosted its position in shares of Credit Suisse Group AG (NYSE:CS) by 92.8% during the third quarter, Holdings Channel reports. The institutional investor owned 59,000 shares of the company’s stock after buying an additional 28,400 shares during the period. Quantitative Investment Management LLC’s holdings in Credit Suisse Group AG were worth $775,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CS. Envestnet Asset Management Inc. increased its stake in shares of Credit Suisse Group AG by 14.7% in the first quarter. Envestnet Asset Management Inc. now owns 178,598 shares of the company’s stock worth $2,524,000 after buying an additional 22,932 shares in the last quarter. Midas Management Corp purchased a new stake in shares of Credit Suisse Group AG during the second quarter worth approximately $975,000. JPMorgan Chase & Co. increased its stake in shares of Credit Suisse Group AG by 22.1% in the second quarter. JPMorgan Chase & Co. now owns 758,467 shares of the company’s stock worth $8,116,000 after buying an additional 137,105 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Credit Suisse Group AG by 13.1% in the second quarter. Brandes Investment Partners LP now owns 6,299,201 shares of the company’s stock worth $67,401,000 after buying an additional 731,888 shares in the last quarter. Finally, Shah Capital Management purchased a new stake in shares of Credit Suisse Group AG during the second quarter worth approximately $4,066,000. 2.23% of the stock is currently owned by institutional investors.

Credit Suisse Group AG (NYSE:CS) opened at 13.64 on Friday. The stock’s market capitalization is $28.48 billion. Credit Suisse Group AG has a 12 month low of $10.01 and a 12 month high of $22.76. The firm’s 50-day moving average is $13.65 and its 200 day moving average is $12.74.

A number of equities research analysts have commented on CS shares. Zacks Investment Research raised shares of Credit Suisse Group AG from a “strong sell” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 11th. Bank of America Corp. raised shares of Credit Suisse Group AG from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, November 14th. Keefe, Bruyette & Woods raised shares of Credit Suisse Group AG from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Finally, Macquarie downgraded shares of Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a research report on Friday, November 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Credit Suisse Group AG has an average rating of “Hold” and an average target price of $17.24.

About Credit Suisse Group AG

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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