Quinn Opportunity Partners LLC grew its holdings in Credit Suisse Group AG (NYSE:CS) by 346.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,249 shares of the financial services provider’s stock after buying an additional 152,249 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Credit Suisse Group were worth $2,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Credit Suisse Group by 252.4% during the third quarter. Bank of New York Mellon Corp now owns 1,308,059 shares of the financial services provider’s stock worth $19,542,000 after acquiring an additional 936,895 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Credit Suisse Group by 1,125.7% during the third quarter. JPMorgan Chase & Co. now owns 1,298,021 shares of the financial services provider’s stock worth $19,392,000 after acquiring an additional 1,192,123 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Credit Suisse Group by 376.2% during the fourth quarter. Quadrant Capital Group LLC now owns 29,311 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 23,156 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Credit Suisse Group during the fourth quarter worth $407,000. Finally, We Are One Seven LLC bought a new position in Credit Suisse Group during the fourth quarter worth $29,000. 2.65% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on CS. JPMorgan Chase & Co. lowered shares of Credit Suisse Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, March 13th. Zacks Investment Research lowered shares of Credit Suisse Group from a “buy” rating to a “sell” rating in a research note on Thursday, April 25th. Berenberg Bank raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. ValuEngine lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. Finally, Keefe, Bruyette & Woods lowered shares of Credit Suisse Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Credit Suisse Group presently has a consensus rating of “Hold” and an average target price of $15.50.

Shares of CS stock traded up $0.06 on Thursday, hitting $11.92. The stock had a trading volume of 20,051 shares, compared to its average volume of 3,214,718. The company has a market cap of $30.31 billion, a P/E ratio of 14.89 and a beta of 1.37. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.36 and a quick ratio of 1.36. Credit Suisse Group AG has a 12-month low of $10.23 and a 12-month high of $17.03.

The company also recently announced a special dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a $0.2641 dividend. The ex-dividend date is Friday, May 3rd. This represents a dividend yield of 2.17%. This is an increase from Credit Suisse Group’s previous special dividend of $0.26.

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Credit Suisse Group Company Profile

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. 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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