The Carlyle Group (NASDAQ:CG) Downgraded by Oppenheimer to “Market Perform”

The Carlyle Group (NASDAQ:CG) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Wednesday,Finviz reports.

CG has been the subject of several other research reports. Wells Fargo & Company reduced their price target on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Barclays dropped their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Evercore ISI boosted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $54.93.

The Carlyle Group Stock Down 3.3 %

Shares of NASDAQ:CG opened at $42.20 on Wednesday. The company has a market capitalization of $15.24 billion, a PE ratio of 15.18, a P/E/G ratio of 0.98 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $57.50. The firm has a 50 day simple moving average of $50.52 and a 200-day simple moving average of $49.20.

The Carlyle Group (NASDAQ:CG) last released its quarterly 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 net margin of 18.81% and a return on equity of 24.02%. On average, equities analysts predict that The Carlyle Group will post 4.48 EPS for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in The Carlyle Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock valued at $1,169,420,000 after acquiring an additional 180,757 shares during the last quarter. Capital World Investors lifted its holdings in The Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after purchasing an additional 50,784 shares in the last quarter. William Blair Investment Management LLC lifted 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 purchasing an additional 1,773,465 shares in the last quarter. Boston Partners lifted its holdings in The Carlyle Group by 7.1% in the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock valued at $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 201.4% in the 4th 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 in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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.