The Carlyle Group L.P. (CG) Rating Lowered to D+ at TheStreet

The Carlyle Group L.P. (NASDAQ:CG) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Thursday.

Several other research firms have also issued reports on CG. Zacks Investment Research raised The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. increased their target price on The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Bank of America Corporation raised The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Morgan Stanley reissued an “overweight” rating and set a $21.00 target price (up previously from $20.00) on shares of The Carlyle Group L.P. in a research note on Monday, July 10th. Finally, Credit Suisse Group raised The Carlyle Group L.P. from a “neutral” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Thursday, May 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The Carlyle Group L.P. presently has an average rating of “Buy” and an average price target of $22.78.

Shares of The Carlyle Group L.P. (NASDAQ:CG) traded up 6.20% during trading on Thursday, hitting $21.40. 1,023,949 shares of the stock traded hands. The Carlyle Group L.P. has a 52-week low of $14.35 and a 52-week high of $22.12. The stock has a 50 day moving average of $20.92 and a 200 day moving average of $18.37. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 50.12 and a beta of 1.81.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.37. The business had revenue of $908.40 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.35 EPS. Analysts expect that The Carlyle Group L.P. will post $2.81 EPS for the current year.

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In other The Carlyle Group L.P. news, Director Edward J. Mathias sold 6,593 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now owns 34,114 shares of the company’s stock, valued at approximately $724,922.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pamela L. Bentley sold 17,760 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the sale, the insider now directly owns 143,942 shares in the company, valued at approximately $3,058,767.50. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock worth $1,317,776 in the last ninety days.

Hedge funds have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its position in shares of The Carlyle Group L.P. by 2,205.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 4,875 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of The Carlyle Group L.P. by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 419 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 144 shares in the last quarter. Pathstone Family Office LLC raised its position in shares of The Carlyle Group L.P. by 1,660.0% during the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 8,300 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of The Carlyle Group L.P. during the 1st quarter worth about $182,000. 40.64% of the stock is currently owned by institutional investors.

The Carlyle Group L.P. Company Profile

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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