Credit Suisse Group (NYSE:CS) was upgraded by stock analysts at Santander from an “underperform” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

A number of other equities research analysts have also issued reports on CS. Deutsche Bank AG reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, July 20th. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, July 18th. BidaskClub raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Bank of America Corporation initiated coverage on Credit Suisse Group in a research report on Monday, June 19th. They issued a “buy” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $16.50.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). The company had revenue of $5.28 billion for the quarter. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Auxier Asset Management increased its holdings in Credit Suisse Group by 0.4% in the 2nd quarter. Auxier Asset Management now owns 214,368 shares of the financial services provider’s stock valued at $3,130,000 after purchasing an additional 925 shares in the last quarter. National Asset Management Inc. increased its holdings in Credit Suisse Group by 15.8% in the 2nd quarter. National Asset Management Inc. now owns 24,537 shares of the financial services provider’s stock valued at $359,000 after purchasing an additional 3,353 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Credit Suisse Group by 75.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Credit Suisse Group by 893.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,004 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 12,594 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Credit Suisse Group by 25.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 3,349 shares in the last quarter. Hedge funds and other institutional investors own 2.94% of the company’s stock.

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.

The Fly

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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