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

The Carlyle Group (NASDAQ:CG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Other equities analysts also recently issued reports about the company. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. Oppenheimer boosted their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their target price on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Down 1.8 %

Shares of NASDAQ:CG opened at $52.51 on Thursday. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.97 and a beta of 1.70. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $52.64 and a 200 day moving average price of $48.42. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Sell-side analysts expect that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in The Carlyle Group during the fourth quarter worth $25,000. National Pension Service acquired a new position in The Carlyle Group during the fourth quarter worth $25,000. Valley National Advisers Inc. grew its holdings in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the period. Nisa Investment Advisors LLC grew its holdings in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Main Street Group LTD acquired a new position in The Carlyle Group during the fourth quarter worth $29,000. Institutional investors and hedge funds 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.