The Carlyle Group L.P. (CG) Rating Increased to Strong-Buy at ValuEngine

The Carlyle Group L.P. (NASDAQ:CG) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Several other brokerages have also issued reports on CG. Zacks Investment Research lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price target on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Morgan Stanley reiterated an “overweight” rating and issued a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research note on Monday, July 10th. Finally, Deutsche Bank AG lifted their price target on The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.78.

The Carlyle Group L.P. (NASDAQ CG) opened at 23.55 on Friday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 55.15 and a beta of 1.81. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $23.90. The firm has a 50-day moving average price of $21.21 and a 200-day moving average price of $18.57.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. The firm had revenue of $908.40 million for the quarter, compared to analyst estimates of $696.36 million. During the same quarter last year, the company earned $0.35 EPS. On average, analysts expect that The Carlyle Group L.P. will post $2.82 earnings per share for the current fiscal year.

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In related news, insider Pamela L. Bentley sold 17,760 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $377,400.00. Following the sale, the insider now owns 143,942 shares in the company, valued at approximately $3,058,767.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock worth $1,317,776 in the last 90 days.

Hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in The Carlyle Group L.P. by 50.3% during the 1st quarter. Stifel Financial Corp now owns 68,259 shares of the financial services provider’s stock worth $1,089,000 after buying an additional 22,830 shares during the period. Legal & General Group Plc lifted its holdings in The Carlyle Group L.P. by 11.5% during the 1st quarter. Legal & General Group Plc now owns 203,533 shares of the financial services provider’s stock worth $3,251,000 after buying an additional 21,048 shares during the period. Morgan Stanley lifted its holdings in The Carlyle Group L.P. by 0.8% during the 1st quarter. Morgan Stanley now owns 5,177,247 shares of the financial services provider’s stock worth $82,577,000 after buying an additional 41,531 shares during the period. LGT Capital Partners LTD. lifted its holdings in The Carlyle Group L.P. by 77.6% during the 2nd quarter. LGT Capital Partners LTD. now owns 435,000 shares of the financial services provider’s stock worth $8,591,000 after buying an additional 190,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares during the period. Institutional investors and hedge funds own 40.64% of the company’s stock.

The Carlyle Group L.P. Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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