Stock Traders Buy Large Volume of Credit Suisse Group Put Options (NYSE:CS)

Credit Suisse Group AG (NYSE:CS) was the target of unusually large options trading activity on Tuesday. Traders acquired 1,748 put options on the stock. This is an increase of approximately 2,589% compared to the typical daily volume of 65 put options.

Shares of NYSE:CS traded up $0.11 during mid-day trading on Thursday, reaching $12.43. The stock had a trading volume of 2,465,376 shares, compared to its average volume of 2,919,297. The company has a market cap of $31.02 billion, a price-to-earnings ratio of 14.80 and a beta of 1.40. The stock has a 50 day moving average of $11.80. The company has a debt-to-equity ratio of 3.65, a quick ratio of 1.36 and a current ratio of 1.36. Credit Suisse Group has a twelve month low of $10.23 and a twelve month high of $16.30.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. Credit Suisse Group had a return on equity of 4.82% and a net margin of 6.27%. The business had revenue of $5.41 billion during the quarter. On average, equities research analysts expect that Credit Suisse Group will post 1.33 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. RBF Capital LLC bought a new position in Credit Suisse Group in the fourth quarter valued at about $1,550,000. Susquehanna International Securities Ltd. bought a new stake in shares of Credit Suisse Group during the fourth quarter worth about $1,057,000. Quadrant Capital Group LLC grew its holdings in shares of Credit Suisse Group by 26.7% during the first quarter. Quadrant Capital Group LLC now owns 37,123 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 7,812 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Credit Suisse Group by 11.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 111,447 shares of the financial services provider’s stock worth $1,298,000 after acquiring an additional 11,227 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Credit Suisse Group in the fourth quarter worth approximately $199,000.

A number of equities research analysts have commented on CS shares. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a report on Tuesday, June 25th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, BMO Capital Markets initiated coverage on shares of Capstone Mining in a research report on Friday, July 5th. They set a “hold” rating and a $1.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.

About Credit Suisse Group

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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