Carlyle Group (NASDAQ:CG) Raised to Hold at Keefe, Bruyette & Woods

Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at Keefe, Bruyette & Woods to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Evercore set a $56.00 target price on Carlyle Group in a research note on Tuesday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Carlyle Group in a research note on Monday, July 13th. TD Cowen reduced their price objective on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Barclays decreased their price objective on shares of Carlyle Group from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.07.

Carlyle Group Stock Performance

Carlyle Group stock opened at $44.08 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm has a market cap of $15.87 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.53 and a beta of 1.84. Carlyle Group has a 1-year low of $39.60 and a 1-year high of $69.85. The firm has a 50-day moving average of $44.56 and a 200-day moving average of $50.31.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. Sell-side analysts expect that Carlyle Group will post 3.78 EPS for the current year.

Institutional Investors Weigh In On Carlyle Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after buying an additional 934,237 shares during the period. Morgan Stanley grew its position in shares of Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after buying an additional 84,228 shares during the period. State Street Corp increased its stake in shares of Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after acquiring an additional 117,223 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after acquiring an additional 79,134 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.