The Carlyle Group (NASDAQ:CG) Upgraded at StockNews.com

The Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

CG has been the subject of several other reports. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $53.33.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $53.23 on Friday. The stock’s 50 day simple moving average is $49.17 and its two-hundred day simple moving average is $44.31. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market cap of $19.04 billion, a price-to-earnings ratio of 183.55, a PEG ratio of 1.39 and a beta of 1.70. The Carlyle Group has a fifty-two week low of $34.13 and a fifty-two week high of $55.11.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, analysts expect that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 in the last three months. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors have recently bought and sold shares of the company. Tobam acquired a new stake in The Carlyle Group in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group in the third quarter worth $33,000. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group in the second quarter worth $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 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.