Oppenheimer Downgrades The Carlyle Group (NASDAQ:CG) to Market Perform

The Carlyle Group (NASDAQ:CG) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, MarketBeat.com reports.

A number of other analysts have also recently weighed in on the company. Barclays reduced their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI boosted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.53.

The Carlyle Group Stock Performance

Shares of CG stock opened at $43.81 on Wednesday. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50. 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 company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.98 and a beta of 1.73. The stock’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $49.13.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of The Carlyle Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock worth $1,169,420,000 after buying an additional 180,757 shares in the last quarter. Capital World Investors increased its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock worth $998,609,000 after buying an additional 50,784 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after buying an additional 1,773,465 shares in the last quarter. Boston Partners grew its stake in shares of The Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after purchasing an additional 467,767 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of The Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after purchasing an additional 4,244,131 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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.