A number of other research firms have also issued reports on CG. Credit Suisse Group lowered The Carlyle Group from an “outperform” rating to a “neutral” rating and set a $22.00 target price on the stock. in a report on Tuesday, May 21st. ValuEngine raised The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. TheStreet raised The Carlyle Group from a “c” rating to a “b” rating in a research note on Thursday, May 9th. Raymond James reissued a “buy” rating and issued a $10.00 price target on shares of The Carlyle Group in a research note on Monday, June 3rd. Finally, CIBC reaffirmed a “hold” rating and set a $9.00 target price on shares of The Carlyle Group in a research note on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $20.15.
Shares of NASDAQ CG opened at $21.57 on Tuesday. The Carlyle Group has a fifty-two week low of $15.09 and a fifty-two week high of $25.25. The company has a current ratio of 2.81, a quick ratio of 2.80 and a debt-to-equity ratio of 2.04. The stock has a market cap of $2.37 billion, a P/E ratio of 20.70 and a beta of 1.64.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $487.45 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The Carlyle Group’s revenue for the quarter was up 54.7% compared to the same quarter last year. As a group, analysts predict that The Carlyle Group will post 1.7 earnings per share for the current fiscal year.
In other news, insider Pamela L. Bentley sold 10,000 shares of The Carlyle Group stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $19.79, for a total transaction of $197,900.00. Following the completion of the sale, the insider now directly owns 146,962 shares in the company, valued at approximately $2,908,377.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of institutional investors and hedge funds have recently bought and sold shares of CG. Cordasco Financial Network bought a new position in The Carlyle Group in the 1st quarter worth approximately $41,000. Golden State Wealth Management LLC bought a new position in The Carlyle Group in the 1st quarter worth approximately $108,000. Stockman Wealth Management Inc. bought a new position in The Carlyle Group in the 1st quarter worth approximately $183,000. Suntrust Banks Inc. increased its position in The Carlyle Group by 18.7% in the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,770 shares during the period. Finally, JOYN Advisors Inc. increased its position in shares of The Carlyle Group by 5.8% during the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 41.61% of the company’s stock.
The Carlyle Group Company Profile
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.
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