Credit Suisse Group AG (CS) Reaches $16.48 After 7.00% Down Move; Sands Capital Management Increased By $58.40 Million Its Incyte (INCY) Holding

May 23, 2018 - By Adrian Erickson

Incyte Corporation (NASDAQ:INCY) Logo

The stock of Credit Suisse Group AG (NYSE:CS) is a huge mover today! The stock decreased 2.63% or $0.44 during the last trading session, reaching $16.48. About 1.72M shares traded. Credit Suisse Group AG (NYSE:CS) has risen 14.88% since May 23, 2017 and is uptrending. It has outperformed by 3.33% the S&P500.The move comes after 6 months negative chart setup for the $41.93B company. It was reported on May, 23 by Barchart.com. We have $15.33 PT which if reached, will make NYSE:CS worth $2.93 billion less.

Sands Capital Management Llc increased Incyte Corp (INCY) stake by 8.21% reported in 2017Q4 SEC filing. Sands Capital Management Llc acquired 621,323 shares as Incyte Corp (INCY)’s stock declined 11.25%. The Sands Capital Management Llc holds 8.19M shares with $775.80M value, up from 7.57M last quarter. Incyte Corp now has $14.02 billion valuation. The stock decreased 0.60% or $0.4 during the last trading session, reaching $66.16. About 356,113 shares traded. Incyte Corporation (NASDAQ:INCY) has declined 39.22% since May 23, 2017 and is downtrending. It has underperformed by 50.77% the S&P500.

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 had 24 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital to “Equal-Weight” on Thursday, June 9. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. Bank of America upgraded Credit Suisse Group AG (NYSE:CS) on Monday, November 14 to “Buy” rating. Societe Generale downgraded Credit Suisse Group AG (NYSE:CS) rating on Tuesday, January 9. Societe Generale has “Hold” rating and $18.5 target. The stock of Credit Suisse Group AG (NYSE:CS) earned “Buy” rating by Benchmark on Friday, January 22. As per Friday, October 6, the company rating was upgraded by RBC Capital Markets. Vetr upgraded it to “Hold” rating and $29.30 target in Wednesday, August 26 report. The firm earned “Outperform” rating on Thursday, November 10 by Keefe Bruyette & Woods. The company was upgraded on Thursday, February 15 by Societe Generale. The stock of Credit Suisse Group AG (NYSE:CS) earned “Underperform” rating by Macquarie Research on Friday, January 13.

More important recent Credit Suisse Group AG (NYSE:CS) news were published by: Seekingalpha.com which released: “Barclays explores merger with StanChart” on May 23, 2018, also Seekingalpha.com published article titled: “Wall Street Breakfast: Trade Talk And Fed Minutes”, Seekingalpha.com published: “Big earnings turnaround for Credit Suisse” on April 25, 2018. More interesting news about Credit Suisse Group AG (NYSE:CS) was released by: Investorplace.com and their article: “Credit Suisse Group AG (ADR) Earnings Show It Has Turned a Corner” with publication date: April 25, 2018.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. The company has market cap of $41.93 billion. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets divisions. It currently has negative earnings. The firm offers advisory and financial solutions, such as structured advisory, investment advisory, discretionary asset management, mergers and acquisitions transactions, corporate sales and restructurings, divestitures, takeover defense strategies, equity and fixed income sales, trading, debt and equity securities, spin-offs, debt and equity underwritings, private placements, and derivative products, as well as proprietary and third-party services and products.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 74% are positive. Incyte had 91 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Vetr on Monday, September 7 to “Hold”. On Tuesday, August 18 the stock rating was downgraded by Vetr to “Buy”. Oppenheimer maintained Incyte Corporation (NASDAQ:INCY) on Wednesday, July 5 with “Hold” rating. On Monday, April 23 the stock rating was maintained by SunTrust with “Buy”. The company was initiated on Wednesday, November 18 by Goldman Sachs. The rating was maintained by Raymond James on Thursday, February 15 with “Buy”. The stock of Incyte Corporation (NASDAQ:INCY) earned “Outperform” rating by Cowen & Co on Tuesday, August 18. The rating was maintained by JP Morgan with “Overweight” on Tuesday, April 24. The stock of Incyte Corporation (NASDAQ:INCY) has “Buy” rating given on Wednesday, September 9 by Jefferies. The rating was maintained by Oppenheimer on Tuesday, May 30 with “Hold”.

Since January 5, 2018, it had 1 buy, and 4 selling transactions for $5.08 million activity. $914,100 worth of Incyte Corporation (NASDAQ:INCY) was bought by Hoppenot Herve on Wednesday, May 2. On Friday, January 5 the insider GRYSKA DAVID W sold $668,361. $4.99 million worth of Incyte Corporation (NASDAQ:INCY) was sold by SWAIN PAULA J on Monday, April 30. 1,958 shares valued at $167,507 were sold by Huber Reid M on Tuesday, February 20.

Investors sentiment increased to 1.06 in 2017 Q4. Its up 0.02, from 1.04 in 2017Q3. It is positive, as 59 investors sold INCY shares while 141 reduced holdings. 59 funds opened positions while 153 raised stakes. 191.73 million shares or 1.46% more from 188.97 million shares in 2017Q3 were reported. Bnp Paribas Arbitrage Sa holds 0.02% or 124,228 shares in its portfolio. Mutual Of America Mngmt Limited Liability Company stated it has 22,619 shares or 0.03% of all its holdings. Pitcairn accumulated 0.05% or 5,615 shares. Manufacturers Life Insur Company The, a Ontario – Canada-based fund reported 186,088 shares. Cibc World Corp reported 0.04% of its portfolio in Incyte Corporation (NASDAQ:INCY). Cullen Frost Bankers invested in 48,704 shares or 0.15% of the stock. Gulf Fincl Bank (Uk) has invested 0.07% in Incyte Corporation (NASDAQ:INCY). Guardian Life Insur Communication Of America accumulated 552 shares or 0.01% of the stock. Lmr Prtnrs Llp stated it has 0.06% of its portfolio in Incyte Corporation (NASDAQ:INCY). Temasek Hldgs (Private) reported 252,160 shares. Serv has 0% invested in Incyte Corporation (NASDAQ:INCY) for 11 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.03% in Incyte Corporation (NASDAQ:INCY) or 38,200 shares. Secor Capital Advisors LP owns 2,313 shares or 0.01% of their US portfolio. Eqis Cap Mngmt invested 0.09% of its portfolio in Incyte Corporation (NASDAQ:INCY). Reilly Advisors Ltd owns 295 shares.

Sands Capital Management Llc decreased Schwab Charles Corp (NYSE:SCHW) stake by 943,569 shares to 25.43 million valued at $1.31B in 2017Q4. It also reduced Regeneron Pharmaceuticals (NASDAQ:REGN) stake by 83,298 shares and now owns 2.56 million shares. Alphabet Inc was reduced too.

Incyte Corporation (NASDAQ:INCY) Institutional Positions Chart

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