The Carlyle Group (NASDAQ:CG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

CG has been the subject of a number of other reports. UBS Group increased their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company decreased their target price on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Barclays reduced their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Up 0.7 %

Shares of NASDAQ:CG opened at $49.95 on Wednesday. The Carlyle Group has a 52 week low of $36.65 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $17.87 billion, a PE ratio of 172.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The firm has a 50 day simple moving average of $52.74 and a 200 day simple moving average of $48.26.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. As a group, research analysts expect that The Carlyle Group will post 3.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of The Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after purchasing an additional 4,244,131 shares during the last quarter. William Blair Investment Management LLC grew its holdings in The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after buying an additional 1,773,465 shares during the last quarter. FMR LLC increased its position in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after buying an additional 1,707,520 shares during the period. Raymond James Financial Inc. acquired a new position in shares of The Carlyle Group during the fourth quarter worth approximately $83,784,000. Finally, Norges Bank acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $44,532,000. Institutional investors own 55.88% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc 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.