The Carlyle Group LP (CG) Given Consensus Rating of “Buy” by Analysts

The Carlyle Group LP (NASDAQ:CG) has received a consensus rating of “Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $29.33.

A number of research firms recently weighed in on CG. ValuEngine lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research raised shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 3rd. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Saturday, July 7th. Morgan Stanley decreased their target price on shares of The Carlyle Group from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. Finally, Oppenheimer upped their target price on shares of The Carlyle Group from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th.

In other news, major shareholder Carlyle Group Management L.L.C sold 2,250,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $111.91, for a total value of $251,797,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Pamela L. Bentley sold 14,179 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $24.30, for a total transaction of $344,549.70. Following the completion of the transaction, the insider now directly owns 136,585 shares in the company, valued at approximately $3,319,015.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,329,197 shares of company stock worth $253,721,987 in the last ninety days.

Several large investors have recently modified their holdings of CG. Great West Life Assurance Co. Can bought a new position in shares of The Carlyle Group during the 1st quarter valued at $276,000. PNC Financial Services Group Inc. grew its holdings in shares of The Carlyle Group by 17.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 143,322 shares of the financial services provider’s stock valued at $3,060,000 after purchasing an additional 21,050 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of The Carlyle Group by 13.3% during the 1st quarter. Stifel Financial Corp now owns 88,159 shares of the financial services provider’s stock valued at $1,879,000 after purchasing an additional 10,352 shares during the last quarter. UBS Group AG grew its holdings in shares of The Carlyle Group by 1.8% during the 1st quarter. UBS Group AG now owns 815,464 shares of the financial services provider’s stock valued at $17,410,000 after purchasing an additional 14,490 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of The Carlyle Group by 527.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 17,846 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 15,000 shares during the last quarter. 40.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CG stock traded down $0.85 during trading on Thursday, reaching $20.28. 573,600 shares of the company’s stock traded hands, compared to its average volume of 585,646. The stock has a market capitalization of $2.30 billion, a P/E ratio of 5.84 and a beta of 1.79. The company has a current ratio of 0.71, a quick ratio of 0.59 and a debt-to-equity ratio of 2.35. The Carlyle Group has a 1 year low of $19.50 and a 1 year high of $25.90.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.17. The company had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $713.35 million. The Carlyle Group had a net margin of 6.37% and a return on equity of 31.20%. The Carlyle Group’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. On average, equities analysts predict that The Carlyle Group will post 2.43 EPS for the current year.

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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