Carlyle Group (NASDAQ:CG) Rating Increased to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Carlyle Group (NASDAQ:CG) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

CG has been the topic of several other research reports. Barclays decreased their target price on Carlyle Group from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Royal Bank Of Canada decreased their price objective on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. The Goldman Sachs Group reduced their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.07.

Carlyle Group Stock Down 1.2%

NASDAQ:CG opened at $44.08 on Monday. The firm has a market capitalization of $15.87 billion, a P/E ratio of 30.19, a PEG ratio of 1.53 and a beta of 1.84. The company’s fifty day moving average price is $44.56 and its 200-day moving average price is $50.31. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. Carlyle Group has a 1-year low of $39.60 and a 1-year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $1.14 earnings per share. The business’s quarterly revenue was down 28.0% on a year-over-year basis. As a group, equities research analysts anticipate that Carlyle Group will post 3.78 EPS for the current year.

Institutional Trading of Carlyle Group

A number of large investors have recently made changes to their positions in the stock. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter worth about $26,000. Main Street Group LTD acquired a new stake in Carlyle Group during the first quarter worth approximately $27,000. Geneos Wealth Management Inc. grew its stake in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares during the period. Bernard Wealth Management Corp. acquired a new position in Carlyle Group in the 4th quarter valued at $30,000. Finally, Quarry LP acquired a new stake in shares of Carlyle Group during the third quarter worth $33,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.