Credit Suisse Group AG (NYSE:CS) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 13,613 call options on the company. This is an increase of 1,572% compared to the typical daily volume of 814 call options.

A number of hedge funds have recently added to or reduced their stakes in the business. Earnest Partners LLC raised its holdings in Credit Suisse Group by 6.3% in the 3rd quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock valued at $119,896,000 after acquiring an additional 451,238 shares during the last quarter. Brandes Investment Partners LP raised its holdings in Credit Suisse Group by 8.3% in the 2nd quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock valued at $99,003,000 after acquiring an additional 519,038 shares during the last quarter. Sei Investments Co. raised its holdings in Credit Suisse Group by 131.0% in the 2nd quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock valued at $40,089,000 after acquiring an additional 1,557,160 shares during the last quarter. Northern Trust Corp raised its holdings in Credit Suisse Group by 1.0% in the 2nd quarter. Northern Trust Corp now owns 1,982,008 shares of the financial services provider’s stock valued at $28,937,000 after acquiring an additional 18,880 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Credit Suisse Group by 6.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,822,612 shares of the financial services provider’s stock valued at $26,610,000 after acquiring an additional 106,086 shares during the last quarter. Institutional investors own 2.85% of the company’s stock.

Shares of Credit Suisse Group (NYSE CS) opened at $17.13 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. Credit Suisse Group has a 1-year low of $13.28 and a 1-year high of $17.16.

A number of brokerages recently weighed in on CS. Citigroup reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, September 13th. Macquarie raised shares of Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 15th. Royal Bank Of Canada raised shares of Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 6th. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $17.00.

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About Credit Suisse Group

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.

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