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

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research note released on Wednesday morning.

Other equities research analysts also recently issued reports about the company. Barclays decreased their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company decreased their price target 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. Keefe, Bruyette & Woods increased their price objective 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. UBS Group boosted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $49.95 on Wednesday. The business’s 50 day moving average is $52.74 and its 200-day moving average is $48.26. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $17.87 billion, a PE ratio of 172.24, a PEG ratio of 0.92 and a beta of 1.70. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. Sell-side analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in 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 valued at $320,684,000 after acquiring an additional 4,244,131 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock worth $668,990,000 after purchasing an additional 1,773,465 shares during the last quarter. FMR LLC grew its stake in shares of The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. Raymond James Financial Inc. acquired a new position in The Carlyle Group in the fourth quarter valued at about $83,784,000. Finally, Norges Bank bought a new position in The Carlyle Group during the fourth quarter worth about $44,532,000. 55.88% of the stock is owned by institutional investors.

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.