Credit Suisse Group (NYSE:CS) Shares Sold by Eaton Vance Management

Eaton Vance Management trimmed its stake in shares of Credit Suisse Group (NYSE:CS) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,911,177 shares of the financial services provider’s stock after selling 67,390 shares during the quarter. Eaton Vance Management owned about 0.07% of Credit Suisse Group worth $27,903,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cypress Wealth Advisors LLC lifted its holdings in shares of Credit Suisse Group by 1.2% during the first quarter. Cypress Wealth Advisors LLC now owns 20,201 shares of the financial services provider’s stock worth $300,000 after buying an additional 234 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Credit Suisse Group by 5.0% during the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after buying an additional 338 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Credit Suisse Group by 2.1% during the second quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock worth $283,000 after buying an additional 399 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Credit Suisse Group by 2.3% during the second quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock worth $270,000 after buying an additional 423 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its holdings in shares of Credit Suisse Group by 5.6% during the first quarter. United Capital Financial Advisers LLC now owns 12,510 shares of the financial services provider’s stock worth $186,000 after buying an additional 669 shares in the last quarter. 2.95% of the stock is owned by institutional investors.

Credit Suisse Group (NYSE CS) traded up 0.19% during mid-day trading on Friday, hitting $15.44. The stock had a trading volume of 2,729,647 shares. The firm’s market cap is $39.42 billion. The company’s 50 day moving average price is $15.05 and its 200 day moving average price is $14.81. Credit Suisse Group has a 52 week low of $12.25 and a 52 week high of $16.17.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The company had revenue of $5.28 billion for the quarter. Analysts anticipate that Credit Suisse Group will post $1.08 earnings per share for the current year.

A number of research firms have recently weighed in on CS. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Friday, September 8th. UBS AG reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Finally, BidaskClub downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $16.50.

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Credit Suisse Group Company Profile

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.

Institutional Ownership by Quarter for Credit Suisse Group (NYSE:CS)

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