Carlyle Group (NASDAQ:CG) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a report issued on Monday,Wall Street Zen reports.

CG has been the subject of several other reports. Keefe, Bruyette & Woods boosted their price target on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Citizens Jmp increased their price objective on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Barclays dropped their target price on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $52.00 target price on shares of Carlyle Group in a research report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.20.

Carlyle Group Stock Up 1.4%

Carlyle Group stock opened at $39.06 on Monday. The company’s 50-day moving average price is $41.80 and its two-hundred day moving average price is $47.61. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a market cap of $13.92 billion, a P/E ratio of 40.69, a P/E/G ratio of 1.24 and a beta of 1.88. Carlyle Group has a twelve month low of $35.41 and a twelve month high of $67.30.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The business’s revenue was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, analysts expect that Carlyle Group will post 3.54 EPS for the current year.

Insider Buying and Selling at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

A number of hedge funds have recently added to or reduced their stakes in CG. MGO One Seven LLC increased its holdings in Carlyle Group by 4.3% in the 3rd quarter. MGO One Seven LLC now owns 6,904 shares of the financial services provider’s stock valued at $274,000 after buying an additional 283 shares during the period. D.A. Davidson & CO. raised its position in shares of Carlyle Group by 6.9% in the 3rd quarter. D.A. Davidson & CO. now owns 21,748 shares of the financial services provider’s stock valued at $863,000 after buying an additional 1,400 shares in the last quarter. North Dakota State Investment Board raised its position in shares of Carlyle Group by 4.5% in the 3rd quarter. North Dakota State Investment Board now owns 8,127 shares of the financial services provider’s stock valued at $322,000 after buying an additional 349 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Carlyle Group by 18.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 27,104 shares of the financial services provider’s stock worth $1,075,000 after acquiring an additional 4,251 shares during the period. Finally, Compass Wealth Management LLC bought a new stake in shares of Carlyle Group during the 3rd quarter worth approximately $48,000. Institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.