Credit Suisse Group AG (CS) Stake Increased by Comerica Bank

Comerica Bank increased its holdings in Credit Suisse Group AG (NYSE:CS) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,586 shares of the financial services provider’s stock after buying an additional 9,051 shares during the quarter. Comerica Bank’s holdings in Credit Suisse Group were worth $2,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Engineers Gate Manager LP purchased a new stake in Credit Suisse Group in the third quarter valued at approximately $937,000. Greenleaf Trust raised its stake in Credit Suisse Group by 28.2% in the 3rd quarter. Greenleaf Trust now owns 23,284 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 5,119 shares during the last quarter. CWM LLC increased its stake in shares of Credit Suisse Group by 63.1% in the 3rd quarter. CWM LLC now owns 131,729 shares of the financial services provider’s stock worth $1,968,000 after acquiring an additional 50,973 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its stake in shares of Credit Suisse Group by 15.9% in the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 32,805 shares of the financial services provider’s stock worth $657,000 after acquiring an additional 4,506 shares during the last quarter. Finally, AMG National Trust Bank increased its stake in shares of Credit Suisse Group by 14.1% in the 3rd quarter. AMG National Trust Bank now owns 224,545 shares of the financial services provider’s stock worth $3,355,000 after acquiring an additional 27,783 shares during the last quarter. 2.85% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, August 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. Morgan Stanley lowered Credit Suisse Group from an “overweight” rating to an “equal” rating in a research report on Tuesday. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Societe Generale reiterated a “hold” rating on shares of Credit Suisse Group in a research note on Friday, November 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Credit Suisse Group currently has an average rating of “Hold” and a consensus price target of $16.50.

Shares of NYSE:CS opened at $11.93 on Friday. The stock has a market cap of $30.95 billion, a price-to-earnings ratio of 15.33 and a beta of 1.37. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 3.82. Credit Suisse Group AG has a 12 month low of $11.69 and a 12 month high of $19.98.

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Credit Suisse Group Profile

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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

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