Jefferies Group LLC restated their neutral rating on shares of The Carlyle Group L.P. (NASDAQ:CG) in a research note released on Wednesday, June 28th, Marketbeat Ratings reports.
A number of other equities analysts have also recently commented on CG. 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. Zacks Investment Research upgraded shares of The Carlyle Group L.P. from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Thursday, June 1st. Credit Suisse Group restated a buy rating and issued a $23.00 price objective on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. Keefe, Bruyette & Woods upgraded shares of The Carlyle Group L.P. from a market perform rating to an outperform rating and boosted their price objective for the company from $17.50 to $20.00 in a research report on Thursday, May 4th. Finally, 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $20.61.
The Carlyle Group L.P. (CG) opened at 20.30 on Wednesday. The stock’s 50 day moving average is $18.27 and its 200 day moving average is $16.85. The firm has a market capitalization of $1.74 billion, a P/E ratio of 94.42 and a beta of 1.82. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $20.85.
The Carlyle Group L.P. (NASDAQ:CG) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.71. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $530.61 million. The Carlyle Group L.P. had a net margin of 2.78% and a return on equity of 33.76%. The firm’s revenue was up 131.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. On average, equities research analysts predict that The Carlyle Group L.P. will post $2.46 earnings per share for the current fiscal year.
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In other news, insider Pamela L. Bentley sold 9,928 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $17.40, for a total transaction of $172,747.20. Following the sale, the insider now owns 161,702 shares of the company’s stock, valued at approximately $2,813,614.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently bought and sold shares of the company. Loeb Partners Corp acquired a new stake in The Carlyle Group L.P. during the first quarter valued at approximately $159,000. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group L.P. by 1.4% in 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 buying an additional 144 shares during the last quarter. First Manhattan Co. raised its stake in The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock valued at $168,000 after buying an additional 700 shares during the last quarter. Palo Capital Inc. acquired a new stake in The Carlyle Group L.P. during the first quarter valued at approximately $181,000. Finally, Pinnacle Associates Ltd. acquired a new stake in The Carlyle Group L.P. during the first quarter valued at approximately $182,000. 45.44% of the stock is currently owned by institutional investors and hedge funds.
About The Carlyle Group L.P.
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.
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