Crossmark Global Holdings Inc. Sells 4,624 Shares of Credit Suisse Group AG (NYSE:CS)

Crossmark Global Holdings Inc. cut its stake in shares of Credit Suisse Group AG (NYSE:CSGet Rating) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,824 shares of the financial services provider’s stock after selling 4,624 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Credit Suisse Group were worth $626,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Credit Suisse Group by 47.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,848,242 shares of the financial services provider’s stock valued at $21,820,000 after acquiring an additional 1,244,676 shares during the last quarter. OLD Mission Capital LLC grew its position in Credit Suisse Group by 713.4% in the 2nd quarter. OLD Mission Capital LLC now owns 1,008,631 shares of the financial services provider’s stock valued at $5,719,000 after acquiring an additional 884,628 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Credit Suisse Group by 5,527.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 676,501 shares of the financial services provider’s stock worth $3,836,000 after buying an additional 664,479 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Credit Suisse Group by 90.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 857,530 shares of the financial services provider’s stock worth $4,862,000 after buying an additional 406,234 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Credit Suisse Group by 162.0% during the 1st quarter. Citigroup Inc. now owns 539,102 shares of the financial services provider’s stock worth $4,232,000 after buying an additional 333,335 shares in the last quarter. 11.20% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Group Stock Performance

CS stock opened at $3.46 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.74. Credit Suisse Group AG has a 12-month low of $2.97 and a 12-month high of $10.09. The business’s fifty day moving average price is $3.43 and its 200 day moving average price is $4.43.

Credit Suisse Group (NYSE:CSGet Rating) last released its earnings results on Thursday, October 27th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Credit Suisse Group had a negative return on equity of 3.82% and a negative net margin of 38.02%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.80 billion. On average, equities research analysts expect that Credit Suisse Group AG will post -1.91 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CS. Citigroup began coverage on Credit Suisse Group in a research report on Tuesday, December 20th. They set a “buy” rating on the stock. JPMorgan Chase & Co. dropped their price objective on Credit Suisse Group from CHF 5.50 to CHF 3.80 and set a “neutral” rating on the stock in a research report on Thursday, December 1st. Bank Of America (Bofa) raised Credit Suisse Group from a “neutral” rating to a “buy” rating and set a CHF 3.60 price objective on the stock in a research report on Friday, December 9th. Societe Generale dropped their price objective on Credit Suisse Group from CHF 5.50 to CHF 4.20 in a research report on Wednesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Credit Suisse Group in a research note on Friday, January 13th. They issued a “hold” rating for the company. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Credit Suisse Group presently has an average rating of “Hold” and a consensus target price of $5.70.

About Credit Suisse Group

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Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services.

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

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