Credit Suisse Group American Depositary Shares (CS) Hit By Macquarie Upgrade; Wedgewood Partners Has Decreased By $35.33 Million Its Charles Schwab (SCHW) Stake

November 15, 2017 - By Kurt Siggers

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Credit Suisse Group Ag has $29.30 highest and $16 lowest target. $22.65’s average target is 43.90% above currents $15.74 stock price. Credit Suisse Group Ag had 20 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. The stock has “Overweight” rating by JP Morgan on Monday, June 26. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) earned “Buy” rating by Deutsche Bank on Monday, June 19. TheStreet upgraded the shares of CS in report on Tuesday, July 28 to “Hold” rating. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) earned “Buy” rating by Morgan Stanley on Tuesday, June 20. The firm has “Equal-Weight” rating given on Thursday, June 9 by Barclays Capital. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) has “Sector Perform” rating given on Tuesday, June 28 by RBC Capital Markets. The stock of Credit Suisse Group AG (ADR) (NYSE:CS) earned “Equal-Weight” rating by Morgan Stanley on Friday, February 5. As per Friday, May 20, the company rating was upgraded by Bank of America. As per Monday, June 27, the company rating was downgraded by JP Morgan.

Wedgewood Partners Inc decreased Charles Schwab (SCHW) stake by 23.12% reported in 2017Q2 SEC filing. Wedgewood Partners Inc sold 841,178 shares as Charles Schwab (SCHW)’s stock declined 7.92%. The Wedgewood Partners Inc holds 2.80 million shares with $120.15 million value, down from 3.64M last quarter. Charles Schwab now has $59.71B valuation. It closed at $44.59 lastly. It is down 32.11% since November 15, 2016 and is uptrending. It has outperformed by 15.41% the S&P500.




About 29,514 shares traded. Credit Suisse Group AG (ADR) (NYSE:CS) has risen 6.69% since November 15, 2016 and is uptrending. It has underperformed by 10.01% the S&P500.

Credit Suisse Group AG is a financial services company. The company has market cap of $40.56 billion. The Company’s divisions include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It currently has negative earnings. 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.

Analysts await Charles Schwab Corp (NYSE:SCHW) to report earnings on January, 17. They expect $0.41 EPS, up 13.89% or $0.05 from last year’s $0.36 per share. SCHW’s profit will be $549.03 million for 27.19 P/E if the $0.41 EPS becomes a reality. After $0.42 actual EPS reported by Charles Schwab Corp for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth.

Among 20 analysts covering Charles Schwab (NYSE:SCHW), 14 have Buy rating, 0 Sell and 6 Hold. Therefore 70% are positive. Charles Schwab had 73 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Tuesday, July 25 with “Overweight”. As per Thursday, March 17, the company rating was maintained by Deutsche Bank. Citigroup upgraded Charles Schwab Corp (NYSE:SCHW) on Tuesday, November 22 to “Buy” rating. On Thursday, April 14 the stock rating was maintained by JP Morgan with “Overweight”. The stock of Charles Schwab Corp (NYSE:SCHW) earned “Buy” rating by Bank of America on Thursday, October 13. Barclays Capital maintained Charles Schwab Corp (NYSE:SCHW) on Tuesday, October 10 with “Overweight” rating. Barclays Capital maintained it with “Overweight” rating and $35 target in Wednesday, August 26 report. The firm has “Neutral” rating given on Wednesday, March 23 by SunTrust. The rating was maintained by William Blair on Friday, June 16 with “Outperform”. On Monday, January 25 the stock rating was upgraded by Nomura to “Buy”.

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.27, from 1.03 in 2017Q1. It increased, as 61 investors sold SCHW shares while 245 reduced holdings. 80 funds opened positions while 318 raised stakes. 1.05 billion shares or 0.46% more from 1.05 billion shares in 2017Q1 were reported. Moreover, Oregon Pub Employees Retirement Fund has 0.09% invested in Charles Schwab Corp (NYSE:SCHW) for 126,459 shares. Cornerstone Capital Mngmt Limited Liability Com has 241,870 shares. Moreover, Covington Management has 1.37% invested in Charles Schwab Corp (NYSE:SCHW). Arcadia Corporation Mi holds 0% or 118 shares. 7,739 are owned by Associated Banc. Summit Asset Limited Liability Co has invested 0.28% of its portfolio in Charles Schwab Corp (NYSE:SCHW). Aspen Invest Mngmt Inc holds 0.34% or 10,443 shares in its portfolio. Orca Investment Mgmt has 17,439 shares for 0.7% of their portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 0.06% or 90,400 shares. Amer Natl Tx stated it has 284,400 shares or 0.67% of all its holdings. Hudson Bay Capital Limited Partnership has invested 0.09% in Charles Schwab Corp (NYSE:SCHW). Research Global Invsts accumulated 24.24 million shares. The Ontario – Canada-based Td Asset Management Inc has invested 0.06% in Charles Schwab Corp (NYSE:SCHW). Jaffetilchin Invest Prns Ltd Company has 0.13% invested in Charles Schwab Corp (NYSE:SCHW). Adage Ptnrs Ltd Liability Corp stated it has 0.23% of its portfolio in Charles Schwab Corp (NYSE:SCHW).

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