The Carlyle Group (NASDAQ:CG) Cut to Sell at StockNews.com

The Carlyle Group (NASDAQ:CG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other research analysts have also recently commented on CG. Oppenheimer raised their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Finally, TD Cowen boosted their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Trading Up 1.6 %

Shares of NASDAQ CG traded up $0.86 during trading hours on Friday, hitting $53.65. The company’s stock had a trading volume of 2,523,834 shares, compared to its average volume of 2,355,727. The business has a 50-day simple moving average of $48.30 and a 200-day simple moving average of $44.00. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 185.00, a P/E/G ratio of 1.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a 12 month low of $32.09 and a 12 month high of $54.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, analysts anticipate that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,171,556 shares of company stock worth $29,222,475. 27.20% of the stock is owned by insiders.

Institutional Trading of The Carlyle Group

Several hedge funds have recently bought and sold shares of the stock. Tobam purchased a new stake in shares of The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. raised its holdings in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the period. Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the third quarter worth about $33,000. 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group during the first quarter worth about $55,000. Finally, Rothschild Investment LLC purchased a new position in The Carlyle Group in the 2nd quarter worth approximately $50,000. Institutional investors own 55.88% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. 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.