Carlyle Group (NASDAQ:CG) had its target price reduced by Deutsche Bank from $25.00 to $23.00 in a research report released on Friday morning. They currently have a hold rating on the financial services provider’s stock.
A number of other equities analysts have also recently commented on CG. BidaskClub cut shares of Carlyle Group from a hold rating to a sell rating in a research report on Friday. ValuEngine cut shares of Carlyle Group from a buy rating to a hold rating in a research report on Monday, April 2nd. Credit Suisse Group boosted their target price on shares of Carlyle Group from $27.00 to $28.00 and gave the company an outperform rating in a research report on Thursday, February 8th. TheStreet raised shares of Carlyle Group from a c rating to a b rating in a research report on Wednesday, February 7th. Finally, Bank of America boosted their target price on shares of Carlyle Group from $30.00 to $32.00 and gave the company a buy rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $27.95.
CG stock opened at $20.25 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.32 and a quick ratio of 1.19. Carlyle Group has a one year low of $15.70 and a one year high of $25.90. The firm has a market cap of $2,034.59, a price-to-earnings ratio of 5.84 and a beta of 1.76.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in shares of Carlyle Group by 26.9% in the third quarter. Bank of New York Mellon Corp now owns 49,500 shares of the financial services provider’s stock valued at $1,168,000 after acquiring an additional 10,499 shares during the period. California Public Employees Retirement System raised its stake in Carlyle Group by 38.0% in the third quarter. California Public Employees Retirement System now owns 121,142 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 33,342 shares in the last quarter. Alkeon Capital Management LLC acquired a new position in Carlyle Group in the fourth quarter valued at about $17,318,000. Boothbay Fund Management LLC acquired a new position in Carlyle Group in the third quarter valued at about $519,000. Finally, Ashford Capital Management Inc. raised its stake in Carlyle Group by 95.2% in the third quarter. Ashford Capital Management Inc. now owns 20,500 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 10,000 shares in the last quarter. 40.45% of the stock is owned by institutional investors.
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About Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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.
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