The Carlyle Group (NASDAQ:CG) Downgraded by BidaskClub

BidaskClub lowered shares of The Carlyle Group (NASDAQ:CG) from a buy rating to a hold rating in a research note released on Monday morning, BidAskClub reports.

Other equities analysts also recently issued reports about the company. TheStreet raised The Carlyle Group from a c rating to a b rating in a research report on Thursday, May 9th. CIBC reissued a hold rating and set a $9.00 price objective on shares of The Carlyle Group in a research report on Monday, April 8th. Raymond James reissued a buy rating and set a $10.00 price objective on shares of The Carlyle Group in a research report on Monday, June 3rd. Canaccord Genuity reissued an average rating and set a $9.00 price objective on shares of The Carlyle Group in a research report on Monday, March 25th. Finally, Credit Suisse Group downgraded The Carlyle Group from an outperform rating to a neutral rating and set a $22.00 price objective for the company. in a research report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The Carlyle Group has an average rating of Hold and a consensus target price of $20.15.

Shares of NASDAQ:CG opened at $21.89 on Monday. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.81 and a quick ratio of 2.80. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 8.32 and a beta of 1.64. The stock’s 50-day simple moving average is $21.04. The Carlyle Group has a 1 year low of $15.09 and a 1 year high of $25.25.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $487.45 million. The Carlyle Group had a return on equity of 6.82% and a net margin of 7.60%. The firm’s revenue for the quarter was up 54.7% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts forecast that The Carlyle Group will post 1.7 earnings per share for the current fiscal year.

In related news, insider Pamela L. Bentley sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $19.79, for a total value of $197,900.00. Following the completion of the transaction, the insider now directly owns 146,962 shares of the company’s stock, valued at $2,908,377.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JOYN Advisors Inc. boosted its holdings in shares of The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 630 shares during the period. Allen Investment Management LLC boosted its holdings in shares of The Carlyle Group by 1.6% in the first quarter. Allen Investment Management LLC now owns 52,115 shares of the financial services provider’s stock valued at $953,000 after acquiring an additional 843 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of The Carlyle Group by 7.3% in the first quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 900 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of The Carlyle Group by 10.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 15,440 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 1,432 shares during the period. Finally, Pennsylvania Trust Co boosted its holdings in shares of The Carlyle Group by 11.4% in the first quarter. Pennsylvania Trust Co now owns 14,645 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 1,500 shares during the period. 41.53% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Company Profile

The Carlyle Group L.P. 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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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