Carlyle Group (NASDAQ:CG) Raised to “Hold” at Wall Street Zen

Carlyle Group (NASDAQ:CG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on the stock. TD Cowen boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. UBS Group dropped their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Barclays cut their target price on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Morgan Stanley set a $71.00 price target on Carlyle Group in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada initiated coverage on Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and an average target price of $65.36.

Carlyle Group Stock Performance

NASDAQ CG opened at $48.90 on Friday. The company’s 50 day simple moving average is $58.43 and its two-hundred day simple moving average is $59.08. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.49. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market capitalization of $17.66 billion, a PE ratio of 22.43, a P/E/G ratio of 1.05 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 84.1% compared to the same quarter last year. Analysts predict that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the transaction, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Carlyle Group during the 4th quarter valued at $30,000. WFA of San Diego LLC purchased a new position in shares of Carlyle Group in the 2nd quarter worth $26,000. Quarry LP bought a new stake in shares of Carlyle Group in the third quarter worth $33,000. Finally, Motco purchased a new stake in Carlyle Group during the third quarter valued at $40,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.