The Carlyle Group (NASDAQ:CG) Raised to Hold at StockNews.com

The Carlyle Group (NASDAQ:CG) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently commented on CG. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Oppenheimer raised their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday. JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday. Finally, Evercore ISI boosted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Trading Down 1.9 %

Shares of CG traded down $1.03 during mid-day trading on Tuesday, reaching $52.27. 2,779,640 shares of the company’s stock traded hands, compared to its average volume of 2,357,443. The Carlyle Group has a 12 month low of $29.56 and a 12 month high of $54.52. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.55. The stock has a market cap of $18.63 billion, a P/E ratio of 180.24, a P/E/G ratio of 1.33 and a beta of 1.70. The stock’s 50-day moving average is $45.88 and its two-hundred day moving average is $43.47.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. Research analysts forecast that The Carlyle Group will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,676,014 shares of company stock worth $3,687,196 over the last three months. Insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of large investors have recently made changes to their positions in the company. Capital World Investors increased its stake in The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after buying an additional 79,681 shares during the period. Ariel Investments LLC raised its holdings in The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the last quarter. Capital International Investors acquired a new stake in The Carlyle Group in the first quarter valued at $142,511,000. Bank of New York Mellon Corp increased its position in shares of The Carlyle Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock valued at $109,524,000 after buying an additional 55,662 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of The Carlyle Group in the 1st quarter worth about $109,122,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.