Earnest Partners LLC lowered its position in shares of Credit Suisse Group AG (NYSE:CS) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,551,227 shares of the financial services provider’s stock after selling 37,119 shares during the quarter. Credit Suisse Group accounts for approximately 1.3% of Earnest Partners LLC’s investment portfolio, making the stock its 15th largest position. Earnest Partners LLC owned approximately 0.30% of Credit Suisse Group worth $134,789,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CS. Zions Bancorporation lifted its stake in Credit Suisse Group by 2,018.8% in the 3rd quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Credit Suisse Group during the 3rd quarter valued at about $121,000. Valeo Financial Advisors LLC acquired a new position in shares of Credit Suisse Group during the 3rd quarter valued at about $145,000. Harbor Advisors LLC acquired a new stake in Credit Suisse Group in the 4th quarter valued at approximately $179,000. Finally, Scotia Capital Inc. acquired a new stake in Credit Suisse Group in the 4th quarter valued at approximately $182,000. 3.00% of the stock is owned by institutional investors and hedge funds.
Credit Suisse Group AG (NYSE:CS) opened at $18.44 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.41 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $46,570.54, a P/E ratio of -52.06 and a beta of 1.38. Credit Suisse Group AG has a 52-week low of $13.28 and a 52-week high of $19.98.
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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