Credit Suisse Group (CS) Shares Gap Down to $15.67

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Shares of Credit Suisse Group AG (NYSE:CS) gapped down prior to trading on Friday . The stock had previously closed at $16.06, but opened at $15.67. Credit Suisse Group shares last traded at $15.27, with a volume of 2275683 shares.

A number of equities analysts recently commented on the stock. ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Credit Suisse Group has an average rating of “Hold” and an average target price of $21.00.

The stock has a market cap of $40.05 billion, a PE ratio of 28.28 and a beta of 1.34. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.36 and a current ratio of 1.36.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Tuesday, July 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company had revenue of $5.68 billion during the quarter. Credit Suisse Group had a negative net margin of 1.51% and a positive return on equity of 4.31%. analysts anticipate that Credit Suisse Group AG will post 1.25 EPS for the current year.

Several large investors have recently bought and sold shares of CS. Diamond Hill Capital Management Inc. raised its holdings in shares of Credit Suisse Group by 3.4% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 651,295 shares of the financial services provider’s stock valued at $10,935,000 after purchasing an additional 21,185 shares in the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Credit Suisse Group by 7.4% during the 1st quarter. Greenwich Wealth Management LLC now owns 1,055,087 shares of the financial services provider’s stock worth $17,656,000 after acquiring an additional 72,598 shares in the last quarter. Bell & Brown Wealth Advisors LLC bought a new position in shares of Credit Suisse Group during the 1st quarter worth approximately $1,006,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of Credit Suisse Group by 31.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 89,031 shares of the financial services provider’s stock worth $1,495,000 after acquiring an additional 21,046 shares in the last quarter. Finally, Checchi Capital Advisers LLC bought a new position in shares of Credit Suisse Group during the 1st quarter worth approximately $178,000. Institutional investors and hedge funds own 3.18% of the company’s stock.

About Credit Suisse Group

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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