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

The Carlyle Group (NASDAQ:CG) was upgraded by research 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 equities research analysts also recently weighed in on the company. Wells Fargo & Company boosted their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their price objective 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 lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods raised their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $53.33.

The Carlyle Group Stock Performance

CG stock traded down $1.03 on Tuesday, reaching $52.27. 2,779,640 shares of the company were exchanged, compared to its average volume of 2,357,443. 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 firm has a market capitalization of $18.63 billion, a PE ratio of 180.24, a PEG ratio of 1.33 and a beta of 1.70. The stock’s fifty day moving average price is $45.88 and its 200 day moving average price is $43.47. The Carlyle Group has a 12 month low of $29.56 and a 12 month high of $54.52.

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

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 1,676,014 shares of company stock worth $3,687,196. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several large investors have recently modified their holdings of CG. Private Advisor Group LLC grew its holdings in shares of The Carlyle Group by 43.8% during the 1st quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 2,593 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Carlyle Group during the 1st quarter valued at $212,000. Empowered Funds LLC raised its position in shares of The Carlyle Group by 12.6% during the first quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider’s stock valued at $1,265,000 after buying an additional 3,015 shares during the last quarter. Forsta AP Fonden grew its position in shares of The Carlyle Group by 8.7% during the first quarter. Forsta AP Fonden now owns 56,200 shares of the financial services provider’s stock valued at $2,636,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of The Carlyle Group by 6.5% during the 1st quarter. Russell Investments Group Ltd. now owns 654,079 shares of the financial services provider’s stock valued at $30,681,000 after acquiring an additional 39,948 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Company Profile

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.