Carlyle Group (NASDAQ:CG) Upgraded at Keefe, Bruyette & Woods

Carlyle Group (NASDAQ:CG) was upgraded by equities researchers at Keefe, Bruyette & Woods to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Citizens Jmp decreased their price objective on shares of Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada dropped 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. Weiss Ratings raised Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group dropped 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. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of “Hold” and an average price target of $60.07.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $44.08 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.53 and a beta of 1.84. The firm’s 50 day simple moving average is $44.56 and its 200-day simple moving average is $50.31. Carlyle Group has a 12 month low of $39.60 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Analysts expect that Carlyle Group will post 3.78 EPS for the current year.

Institutional Investors Weigh In On Carlyle Group

Several large investors have recently bought and sold shares of CG. Norges Bank purchased a new stake in Carlyle Group during the 4th quarter valued at about $288,257,000. State Street Corp boosted its holdings in shares of Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the last quarter. Regents of The University of California purchased a new stake in shares of Carlyle Group in the first quarter valued at approximately $73,360,000. Balyasny Asset Management L.P. acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $75,612,000. Finally, Vanguard Group Inc. lifted its position in Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Company Profile

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.