The Carlyle Group (NASDAQ:CG) Hits New 1-Year High at $32.92

The Carlyle Group LP (NASDAQ:CG)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $32.92 and last traded at $32.78, with a volume of 89406 shares. The stock had previously closed at $32.00.

A number of brokerages recently issued reports on CG. UBS Group lowered The Carlyle Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $31.00 in a research note on Thursday, December 12th. BidaskClub downgraded The Carlyle Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer set a $35.00 price target on The Carlyle Group and gave the company a “buy” rating in a research note on Friday, November 1st. ValuEngine downgraded The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America boosted their price target on The Carlyle Group from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $24.75.

The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 12.48 and a beta of 1.74. The company has a 50-day moving average of $30.70 and a 200-day moving average of $26.45.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $527.80 million during the quarter, compared to the consensus estimate of $514.55 million. The Carlyle Group had a return on equity of 4.48% and a net margin of 16.19%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. As a group, analysts expect that The Carlyle Group LP will post 1.67 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in The Carlyle Group by 4.9% during the 2nd quarter. Bank of America Corp DE now owns 3,452,482 shares of the financial services provider’s stock worth $78,060,000 after purchasing an additional 159,905 shares during the period. Artemis Investment Management LLP boosted its position in The Carlyle Group by 5.5% during the 4th quarter. Artemis Investment Management LLP now owns 2,370,551 shares of the financial services provider’s stock worth $75,589,000 after purchasing an additional 123,039 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in The Carlyle Group by 18.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the financial services provider’s stock worth $13,291,000 after purchasing an additional 80,000 shares during the period. LGT Capital Partners LTD. boosted its position in The Carlyle Group by 20.0% during the 3rd quarter. LGT Capital Partners LTD. now owns 510,000 shares of the financial services provider’s stock worth $13,036,000 after purchasing an additional 85,000 shares during the period. Finally, Sargent Investment Group LLC boosted its position in The Carlyle Group by 7.4% during the 3rd quarter. Sargent Investment Group LLC now owns 407,927 shares of the financial services provider’s stock worth $10,427,000 after purchasing an additional 27,975 shares during the period. 48.38% of the stock is owned by institutional investors.

The Carlyle Group Company Profile (NASDAQ:CG)

The Carlyle Group L.P. 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.

Recommended Story: Purposes and Functions of the Federal Reserve

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