The Carlyle Group LP (NASDAQ:CG) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.75.
Several equities analysts have issued reports on CG shares. Zacks Investment Research upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Barclays PLC boosted their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 9th. Deutsche Bank AG restated a “hold” rating and set a $18.00 price target on shares of The Carlyle Group in a research note on Sunday, June 5th. Citigroup Inc. boosted their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $20.00 price target on shares of The Carlyle Group in a research note on Sunday, September 11th.
Shares of The Carlyle Group (NASDAQ:CG) opened at 15.57 on Monday. The firm’s 50-day moving average is $15.76 and its 200 day moving average is $16.29. The Carlyle Group has a 12 month low of $11.25 and a 12 month high of $20.65. The company’s market capitalization is $1.27 billion.
The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $501 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. Equities analysts expect that The Carlyle Group will post $0.49 EPS for the current year.
In other news, CFO Curtis L. Buser sold 8,294 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total value of $133,782.22. Following the completion of the sale, the chief financial officer now directly owns 193,825 shares in the company, valued at $3,126,397.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Jeffrey W. Ferguson sold 10,498 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total value of $169,332.74. Following the completion of the sale, the general counsel now owns 74,314 shares of the company’s stock, valued at $1,198,684.82. The disclosure for this sale can be found here.
Several hedge funds have recently bought and sold shares of CG. Creative Planning boosted its stake in The Carlyle Group by 2.5% in the second quarter. Creative Planning now owns 24,600 shares of the company’s stock worth $399,000 after buying an additional 600 shares during the period. Royal Bank of Canada boosted its stake in The Carlyle Group by 22.0% in the first quarter. Royal Bank of Canada now owns 63,567 shares of the company’s stock worth $1,072,000 after buying an additional 11,460 shares during the period. Legal & General Group Plc boosted its stake in The Carlyle Group by 31.4% in the first quarter. Legal & General Group Plc now owns 162,235 shares of the company’s stock worth $2,737,000 after buying an additional 38,747 shares during the period. Geode Capital Management LLC boosted its stake in The Carlyle Group by 4.3% in the first quarter. Geode Capital Management LLC now owns 31,243 shares of the company’s stock worth $527,000 after buying an additional 1,294 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in The Carlyle Group by 180.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,708,868 shares of the company’s stock worth $28,846,000 after buying an additional 1,098,471 shares during the period. Institutional investors and hedge funds own 43.24% of the company’s stock.
The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.
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