Zacks Investment Research Downgrades The Carlyle Group L.P. (CG) to Hold

Zacks Investment Research cut shares of The Carlyle Group L.P. (NASDAQ:CG) from a buy rating to a hold rating in a research report released on Friday morning.

According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “

Several other analysts have also issued reports on the stock. Bank of America Corporation upgraded shares of The Carlyle Group L.P. from a neutral rating to a buy rating in a research report on Thursday, June 8th. Credit Suisse Group reiterated a buy rating and set a $23.00 price target on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. BidaskClub upgraded shares of The Carlyle Group L.P. from a buy rating to a strong-buy rating in a research report on Thursday, June 22nd. Morgan Stanley reiterated an overweight rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Friday, July 14th. 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 company. The company currently has a consensus rating of Buy and a consensus target price of $23.89.

Shares of The Carlyle Group L.P. (NASDAQ CG) opened at 24.00 on Friday. The firm has a market capitalization of $2.19 billion, a P/E ratio of 56.21 and a beta of 1.84. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $24.85. The firm’s 50-day moving average price is $22.48 and its 200-day moving average price is $19.53.

The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The company had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. During the same period last year, the firm earned $0.35 earnings per share. Equities analysts predict that The Carlyle Group L.P. will post $2.84 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades The Carlyle Group L.P. (CG) to Hold” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/zacks-investment-research-downgrades-the-carlyle-group-l-p-cg-to-hold.html.

In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 17,760 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the sale, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Curtis L. Buser sold 20,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $445,570.00. Following the completion of the sale, the chief financial officer now owns 354,610 shares in the company, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock worth $1,317,776 in the last 90 days.

A number of institutional investors have recently modified their holdings of CG. Bronfman E.L. Rothschild L.P. raised its stake in shares of The Carlyle Group L.P. by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 4,875 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of The Carlyle Group L.P. by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of The Carlyle Group L.P. by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 8,300 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group L.P. by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 144 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of The Carlyle Group L.P. during the second quarter valued at $223,000. Hedge funds and other institutional investors own 40.65% 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 Equit

According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “

Several other analysts have also issued reports on the stock. Bank of America Corporation upgraded shares of The Carlyle Group L.P. from a neutral rating to a buy rating in a research report on Thursday, June 8th. Credit Suisse Group reiterated a buy rating and set a $23.00 price target on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. BidaskClub upgraded shares of The Carlyle Group L.P. from a buy rating to a strong-buy rating in a research report on Thursday, June 22nd. Morgan Stanley reiterated an overweight rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Friday, July 14th. 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 company. The company currently has a consensus rating of Buy and a consensus target price of $23.89.

Shares of The Carlyle Group L.P. (NASDAQ CG) opened at 24.00 on Friday. The firm has a market capitalization of $2.19 billion, a P/E ratio of 56.21 and a beta of 1.84. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $24.85. The firm’s 50-day moving average price is $22.48 and its 200-day moving average price is $19.53.

The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The company had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. During the same period last year, the firm earned $0.35 earnings per share. Equities analysts predict that The Carlyle Group L.P. will post $2.84 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades The Carlyle Group L.P. (CG) to Hold” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/zacks-investment-research-downgrades-the-carlyle-group-l-p-cg-to-hold.html.

In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 17,760 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the sale, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Curtis L. Buser sold 20,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $445,570.00. Following the completion of the sale, the chief financial officer now owns 354,610 shares in the company, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock worth $1,317,776 in the last 90 days.

A number of institutional investors have recently modified their holdings of CG. Bronfman E.L. Rothschild L.P. raised its stake in shares of The Carlyle Group L.P. by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 4,875 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of The Carlyle Group L.P. by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of The Carlyle Group L.P. by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 8,300 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group L.P. by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 144 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of The Carlyle Group L.P. during the second quarter valued at $223,000. Hedge funds and other institutional investors own 40.65% 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.

Get a free copy of the Zacks research report on The Carlyle Group L.P. (CG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply