The Carlyle Group (NASDAQ:CG) Stock Rating Lowered by Oppenheimer

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

CG has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Barclays lowered their price objective on shares of 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 increased their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Finally, Wolfe Research raised shares of 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Trading Down 3.3 %

Shares of CG stock opened at $42.20 on Wednesday. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50. The firm’s 50-day simple moving average is $50.52 and its 200-day simple moving average is $49.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $15.24 billion, a P/E ratio of 15.18, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS 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%. As a group, equities analysts forecast that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds have recently added to or reduced their stakes in CG. Arizona State Retirement System raised its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after purchasing an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after purchasing an additional 225 shares in the last quarter. Aviva PLC raised its stake in shares of The Carlyle Group by 1.3% during the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of The Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock valued at $2,353,000 after purchasing an additional 258 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its holdings in The Carlyle Group by 1.5% during the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock worth $908,000 after acquiring an additional 266 shares during the period. 55.88% of the stock is currently owned by institutional investors.

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.