Hedge Funds Now Own 3.1% Of Credit Suisse Group AG (CS)

Hedge Funds Now Own 3.1% Of Credit Suisse Group AG (CS)

Hedge Funds Now Own 3.1% Of Credit Suisse Group AG (CS)

Credit Suisse Group has decreased its dividend payment by an average of 3.1% per year over the last three years.

Several analysts have released their opinion on Credit Suisse Group AG (NYSE:CS), with 2 analysts believing it is a strong buy. Sei Investments Co. now owns 1,566,831 shares of the financial services provider's stock valued at $27,968,000 after acquiring an additional 38,400 shares in the last quarter. Uptrending stocks trade above their moving averages, while downtrending stocks trade below. The company has a market cap of $42,276.44, a P/E ratio of 31.43 and a beta of 1.44. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.39 and a current ratio of 1.39.

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Swiss banking giant Credit Suisse yesterday posted a big jump in net profit for the first quarter, as its 2015 major overhaul delivers firm results. The financial services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by ($0.02). The company had revenue of $5.26 billion for the quarter. equities research analysts predict that Credit Suisse Group AG will post 1.29 earnings per share for the current year. Credit Suisse "has sought to resolve Bank Payroll Tax-related issues over a number of years". Investors of record on Monday, May 7th will be paid a dividend of $0.2597 per share.

Focused Wealth Management Inc increased its stake in Credit Suisse Group (CS) by 75.44% based on its latest 2017Q4 regulatory filing with the SEC. Societe Generale upgraded shares of Credit Suisse Group from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th.

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After 6.56 billion francs in losses in 2016 and 2015 and a 2.3 billion franc tax writedown which erased 2017 gains, Credit Suisse said first-quarter net income attributable to shareholders was 694 million Swiss francs ($707.4 million).

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One driver of its first quarter wealth management results was from Asia Pacific, which had its best quarterly performance to date in terms of income revenues, according to the firm.

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