Credit Suisse Group AG (CS) Stake Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Credit Suisse Group AG (NYSE:CS) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,501,266 shares of the financial services provider’s stock after selling 300,000 shares during the period. Allianz Asset Management GmbH owned about 0.14% of Credit Suisse Group worth $55,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in shares of Credit Suisse Group by 2.1% in the second quarter. US Bancorp DE now owns 19,345 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 399 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Credit Suisse Group by 29.0% in the second quarter. Janney Montgomery Scott LLC now owns 44,101 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 9,909 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Credit Suisse Group by 2.3% in the second quarter. TD Asset Management Inc. now owns 18,467 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 423 shares in the last quarter. Morningstar Investment Services LLC increased its holdings in shares of Credit Suisse Group by 21.5% in the second quarter. Morningstar Investment Services LLC now owns 31,750 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 5,624 shares in the last quarter. Finally, American Assets Investment Management LLC increased its holdings in shares of Credit Suisse Group by 5.3% in the second quarter. American Assets Investment Management LLC now owns 44,232 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 2,232 shares in the last quarter. 2.85% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on CS shares. Citigroup reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Thursday, August 10th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Friday, August 11th. BidaskClub cut shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. UBS reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 5th. Finally, Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $17.00.

Shares of Credit Suisse Group AG (NYSE:CS) traded down $0.11 during mid-day trading on Thursday, reaching $16.77. 1,998,900 shares of the company’s stock were exchanged, compared to its average volume of 3,740,293. Credit Suisse Group AG has a 1 year low of $13.28 and a 1 year high of $17.30. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09.

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

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