Several other brokerages also recently issued reports on CG. Zacks Investment Research raised The Carlyle Group from a sell rating to a hold rating in a research report on Monday, August 1st. Citigroup Inc. raised their price target on The Carlyle Group from $17.00 to $18.00 and gave the company a neutral rating in a research report on Thursday, July 28th. Deutsche Bank AG reaffirmed a hold rating on shares of The Carlyle Group in a research report on Sunday, July 10th. Credit Suisse Group AG reissued a hold rating and set a $20.00 target price on shares of The Carlyle Group in a research report on Sunday, September 11th. Finally, Barclays PLC lifted their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock an equal weight rating in a research report on Tuesday, August 9th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $17.45.
Shares of The Carlyle Group (NASDAQ:CG) opened at 14.40 on Thursday. The Carlyle Group has a 12 month low of $11.25 and a 12 month high of $20.65. The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $16.17. The firm’s market capitalization is $1.17 billion.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The company had revenue of $488.10 million for the quarter, compared to the consensus estimate of $501 million. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The firm’s revenue was down 19.6% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, equities analysts anticipate that The Carlyle Group will post $0.48 earnings per share for the current fiscal year.
In other news, General Counsel Jeffrey W. Ferguson sold 10,498 shares of The Carlyle Group 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 transaction, the general counsel now owns 74,314 shares in the company, valued at $1,198,684.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pamela L. Bentley sold 13,292 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total transaction of $214,399.96. Following the completion of the transaction, the insider now owns 148,786 shares of the company’s stock, valued at approximately $2,399,918.18. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in The Carlyle Group during the second quarter worth about $2,712,000. Palo Capital Inc. purchased a new position in The Carlyle Group during the second quarter worth about $180,000. Douglass Winthrop Advisors LLC purchased a new position in The Carlyle Group during the second quarter worth about $213,000. Creative Planning boosted its position 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. Finally, Legal & General Group Plc boosted its position 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. Institutional investors own 43.22% 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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