CG has been the topic of several other reports. 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 set a $20.00 price objective on The Carlyle Group and gave the company a hold rating in a research report on Sunday, September 18th. Zacks Investment Research cut The Carlyle Group from a buy rating to a hold rating in a research report on Monday, October 10th. Jefferies Group boosted their price target on The Carlyle Group from $16.50 to $17.00 and gave the stock a hold rating in a research report on Tuesday, August 2nd. Finally, 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 report on Thursday, July 28th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $17.45.
Shares of The Carlyle Group (NASDAQ:CG) opened at 14.55 on Thursday. The Carlyle Group has a 12 month low of $11.25 and a 12 month high of $20.65. The stock’s market capitalization is $1.18 billion. The company’s 50 day moving average price is $15.44 and its 200-day moving average price is $16.15.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $501 million. During the same quarter in the previous year, the business earned $0.55 EPS. The Carlyle Group’s revenue was down 19.6% compared to the same quarter last year. Equities analysts predict that The Carlyle Group will post $1.35 earnings per share for the current year.
In other The Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 10,498 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total transaction of $169,332.74. Following the completion of the sale, the general counsel now directly owns 74,314 shares in the company, valued at approximately $1,198,684.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pamela L. Bentley sold 13,292 shares of the business’s stock in a transaction 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 sale, the insider now owns 148,786 shares of the company’s stock, valued at $2,399,918.18. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in CG. Feltz Wealth PLAN Inc. bought a new stake in The Carlyle Group during the second quarter valued at approximately $156,000. HighTower Advisors LLC bought a new stake in The Carlyle Group during the second quarter valued at approximately $168,000. Fox Run Management L.L.C. bought a new stake in The Carlyle Group during the third quarter valued at approximately $174,000. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock valued at $177,000 after buying an additional 38 shares during the period. Finally, Palo Capital Inc. bought a new stake in The Carlyle Group during the second quarter valued at approximately $180,000. Institutional investors and hedge funds own 43.22% of the company’s stock.
About The Carlyle Group
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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