Credit Suisse Group (NYSE:CS) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Jul 17th, 2023

Research analysts at StockNews.com started coverage on shares of Credit Suisse Group (NYSE:CS – Get Free Report) in a report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Credit Suisse Group Stock Up 1.0 %

Shares of NYSE CS opened at $0.89 on Monday. The firm has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.79. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.53 and a quick ratio of 1.53. Credit Suisse Group has a 1 year low of $0.82 and a 1 year high of $6.36. The company has a market cap of $2.76 billion, a P/E ratio of 1.36 and a beta of 1.27.

Credit Suisse Group (NYSE:CS – Get Free Report) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $3.33 earnings per share for the quarter. The firm had revenue of $19.96 billion for the quarter. Credit Suisse Group had a net margin of 15.12% and a return on equity of 23.83%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in shares of Credit Suisse Group by 324.9% in the first quarter. Renaissance Technologies LLC now owns 51,972,488 shares of the financial services provider’s stock worth $46,245,000 after acquiring an additional 39,739,500 shares in the last quarter. Two Sigma Investments LP grew its holdings in Credit Suisse Group by 113.6% during the 4th quarter. Two Sigma Investments LP now owns 9,602,987 shares of the financial services provider’s stock valued at $29,193,000 after purchasing an additional 5,106,960 shares in the last quarter. Kopernik Global Investors LLC grew its holdings in Credit Suisse Group by 91.2% during the 4th quarter. Kopernik Global Investors LLC now owns 9,736,174 shares of the financial services provider’s stock valued at $29,598,000 after purchasing an additional 4,643,341 shares in the last quarter. Two Sigma Advisers LP grew its holdings in 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 purchasing an additional 3,225,000 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Credit Suisse Group by 1,607.6% during the 1st quarter. Citigroup Inc. now owns 3,254,904 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 3,064,287 shares in the last quarter. 11.20% of the stock is currently owned by institutional investors and hedge funds.

About Credit Suisse Group

(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.