The Carlyle Group L.P. (CG) Rating Lowered to Hold at Credit Suisse Group

Credit Suisse Group lowered shares of The Carlyle Group L.P. (NASDAQ:CG) to a hold rating in a report issued on Friday, October 6th.

Several other equities analysts have also weighed in on CG. Zacks Investment Research upgraded The Carlyle Group L.P. from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Tuesday, October 3rd. ValuEngine upgraded The Carlyle Group L.P. from a buy rating to a strong-buy rating in a report on Friday, September 15th. Morgan Stanley boosted their target price on The Carlyle Group L.P. from $25.00 to $27.00 and gave the company an overweight rating in a research report on Thursday, October 5th. BidaskClub downgraded shares of The Carlyle Group L.P. from a buy rating to a hold rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $25.00 price objective on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $24.75.

The Carlyle Group L.P. (NASDAQ CG) opened at 24.45 on Friday. The firm has a market cap of $2.23 billion, a P/E ratio of 57.26 and a beta of 1.84. The company has a 50-day moving average price of $23.12 and a 200-day moving average price of $19.92. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $24.85.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.44 by $0.37. The company had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same period last year, the business posted $0.35 EPS. On average, equities research analysts forecast that The Carlyle Group L.P. will post $2.84 EPS for the current fiscal year.

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In related news, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now directly owns 34,114 shares in the company, valued at approximately $724,922.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $354,705.00. Following the transaction, the general counsel now directly owns 161,956 shares in the company, valued at $3,441,565. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock valued at $1,317,776 in the last three months.

A number of hedge funds have recently bought and sold shares of CG. GSA Capital Partners LLP boosted its holdings in shares of The Carlyle Group L.P. by 1,426.7% during the 2nd quarter. GSA Capital Partners LLP now owns 179,338 shares of the financial services provider’s stock worth $3,542,000 after buying an additional 167,591 shares during the period. Stifel Financial Corp boosted its holdings in shares of The Carlyle Group L.P. by 50.3% during the 1st quarter. Stifel Financial Corp now owns 68,259 shares of the financial services provider’s stock worth $1,089,000 after buying an additional 22,830 shares during the period. Legal & General Group Plc raised its stake in The Carlyle Group L.P. by 11.5% during the 1st quarter. Legal & General Group Plc now owns 203,533 shares of the financial services provider’s stock valued at $3,251,000 after purchasing an additional 21,048 shares during the last quarter. Morgan Stanley raised its stake in The Carlyle Group L.P. by 0.8% during the 1st quarter. Morgan Stanley now owns 5,177,247 shares of the financial services provider’s stock valued at $82,577,000 after purchasing an additional 41,531 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its stake in The Carlyle Group L.P. by 77.6% during the 2nd quarter. LGT Capital Partners LTD. now owns 435,000 shares of the financial services provider’s stock valued at $8,591,000 after purchasing an additional 190,000 shares during the last quarter. 40.65% of the stock is owned by institutional investors.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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