In yesterday’s Wall Street session, Credit Suisse Group AG (NYSE:CS) shares traded at $4.15, down -2.35% from the previous session.
As of this writing, 15 analysts cover Credit Suisse Group AG (NYSE:CS). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $6.84 and a low of $4.00, we find $4.82. Given the previous closing price of $4.25, this indicates a potential upside of 13.41 percent. CS stock price is now -7.29% away from the 50-day moving average and -32.62% away from the 200-day moving average. The market capitalization of the company currently stands at $11.29B.
There are 10 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $4.94 as their price target over the next twelve months.
, while ‘Goldman’ rates the stock as ‘Neutral’.
A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CS stock. A new stake in Credit Suisse Group AG shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $19,881,000. TWO SIGMA INVESTMENTS, LP invested $18,659,000 in shares of CS during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Credit Suisse Group AG valued at approximately $2,982,000. LEGACY WEALTH ASSET MANAGEMENT, LLC acquired a new stake in CS for approximately $1,362,000. MARINER, LLC purchased a new stake in CS valued at around $647,000 in the second quarter. In total, there are 214 active investors with 3.80% ownership of the company’s stock.
Monday morning saw Credit Suisse Group AG (NYSE: CS) opened at $4.2100. During the past 12 months, Credit Suisse Group AG has had a low of $3.70 and a high of $10.49. The fifty day moving average price for CS is $4.4764 and a two-hundred day moving average price translates $6.1779 for the stock.
The latest earnings results from Credit Suisse Group AG (NYSE: CS) was released for Jun, 2022. The net profit margin was -77.60% and return on equity was -18.00% for CS. The company reported revenue of $3.45 billion for the quarter, compared to $2.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.22 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2022. Investors who held shares on 05/10/2022 were paid a $0.050458 dividend. On an annualized basis, this represents a $0.10 dividend and a 2.43% percent yield. There was an ex-dividend date of 05/09/2022 for this dividend.
Credit Suisse Group AG(CS) Company Profile
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. It also provides financing and lending solutions, including consumer credit and real estate mortgage lending, real asset lending relating to ship, and aviation financing for UHNWI; standard and structured hedging, and lombard lending solutions, as well as collateral trading services; and investment banking solutions, such as global securities sales, trading and execution, capital raising, and advisory services. In addition, the company offers banking solutions, such as payments, accounts, debit and credit cards, and product bundles; asset management products; equity and debt underwriting, and advisory services; cash equities, equity derivatives, and convertibles, as well as prime services; and fixed income products, such as credit, securitized, macro, emerging markets, financing, structured credit, and other products. Further, it provides HOLT, a framework for assessing the performance of approximately 20,000 companies; and equity and fixed income research services. The company serves private and institutional clients; ultra-high-net-worth individuals, high-net-worth individuals, and affluent and retail clients; corporate clients, small and medium-sized enterprises, external asset managers, financial institutions, and commodity traders; and pension funds, hedge funds, governments, foundations and endowments, corporations, entrepreneurs, private individuals, financial sponsors, and sovereign clients. As of December 31, 2021, it operated through a network of 311 offices and branches. The company was founded in 1856 and is based in Zurich, Switzerland.