The Carlyle Group LP (CG) Receives Hold Rating from Jefferies Group
The Carlyle Group LP (NASDAQ:CG)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group in a report released on Thursday.
CG has been the topic of several other research reports. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $20.00 price target on shares of The Carlyle Group in a research note on Sunday, September 11th. Zacks Investment Research lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Monday. Barclays PLC boosted their price target on The Carlyle Group from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 9th. Deutsche Bank AG decreased their price target on The Carlyle Group from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, June 16th. Finally, Citigroup Inc. boosted their price target on The Carlyle Group from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.86.
The Carlyle Group (NASDAQ:CG) opened at 15.05 on Thursday. The firm’s market cap is $1.22 billion. The Carlyle Group has a 1-year low of $11.25 and a 1-year high of $20.65. The firm’s 50-day moving average price is $15.60 and its 200-day moving average price is $16.22.
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The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $501 million. During the same quarter last year, the firm earned $0.55 EPS. The Carlyle Group’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities research analysts anticipate that The Carlyle Group will post $0.48 earnings per share for the current fiscal year.
In other news, CFO Curtis L. Buser sold 8,294 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total transaction of $133,782.22. Following the completion of the sale, the chief financial officer now owns 193,825 shares in the company, valued at $3,126,397.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Pamela L. Bentley sold 13,292 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total value of $214,399.96. Following the sale, the insider now owns 148,786 shares of the company’s stock, valued at approximately $2,399,918.18. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in CG. Artemis Investment Management LLP increased its stake in The Carlyle Group by 140.8% in the second quarter. Artemis Investment Management LLP now owns 2,903,484 shares of the company’s stock worth $47,138,000 after buying an additional 1,697,847 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in The Carlyle Group by 180.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,708,868 shares of the company’s stock worth $28,846,000 after buying an additional 1,098,471 shares in the last quarter. Coronation Fund Managers Ltd. bought a new stake in The Carlyle Group during the second quarter worth approximately $15,171,000. Vantage Investment Partners LLC increased its stake in The Carlyle Group by 634.6% in the second quarter. Vantage Investment Partners LLC now owns 514,200 shares of the company’s stock worth $8,345,000 after buying an additional 444,200 shares in the last quarter. Finally, UBS Group AG increased its stake in The Carlyle Group by 27.2% in the first quarter. UBS Group AG now owns 1,298,918 shares of the company’s stock worth $21,926,000 after buying an additional 277,951 shares in the last quarter. Institutional investors own 43.24% of the company’s stock.
About The Carlyle Group
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.
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