The Carlyle Group LP (CG) Given a $18.00 Price Target at Keefe, Bruyette & Woods
The Carlyle Group LP (NASDAQ:CG) received a $18.00 price target from investment analysts at Keefe, Bruyette & Woods in a report issued on Friday. The brokerage presently has a a “hold” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 23.29% from the stock’s current price.
CG has been the topic of a number of other research reports. Zacks Investment Research raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Citigroup Inc. increased their price target on shares of The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Deutsche Bank AG reissued a “hold” rating on shares of The Carlyle Group in a research report on Sunday, July 10th. Credit Suisse Group AG reissued a “hold” rating and set a $20.00 price target on shares of The Carlyle Group in a research report on Sunday, September 11th. Finally, Jefferies Group reissued a “hold” rating on shares of The Carlyle Group in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.45.
The Carlyle Group (NASDAQ:CG) traded down 0.82% during mid-day trading on Friday, reaching $14.50. 155,337 shares of the company’s stock traded hands. The stock’s 50 day moving average is $15.52 and its 200-day moving average is $16.20. The Carlyle Group has a 52 week low of $11.25 and a 52 week high of $20.65. The stock’s market capitalization is $1.18 billion.
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The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, July 27th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The Carlyle Group had a negative net margin of 3.44% and a positive return on equity of 3.99%. The company had revenue of $488.10 million for the quarter, compared to analysts’ expectations of $501 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The Carlyle Group’s revenue for the quarter was down 19.6% compared to the same quarter last year. On average, equities analysts anticipate that The Carlyle Group will post $0.48 EPS for the current year.
In other news, General Counsel Jeffrey W. Ferguson sold 10,498 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total transaction of $169,332.74. Following the transaction, the general counsel now directly owns 74,314 shares in the company, valued at $1,198,684.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Curtis L. Buser sold 8,294 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 193,825 shares in the company, valued at $3,126,397.25. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the company. Feltz Wealth PLAN Inc. acquired a new position in shares of The Carlyle Group during the second quarter worth about $156,000. HighTower Advisors LLC acquired a new position in shares of The Carlyle Group during the second quarter worth about $168,000. Fox Run Management L.L.C. acquired a new position in shares of The Carlyle Group during the third quarter worth about $174,000. Cambridge Investment Research Advisors Inc. raised its position in shares of The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock worth $177,000 after buying an additional 38 shares during the period. Finally, Palo Capital Inc. acquired a new position in shares of The Carlyle Group during the second quarter worth about $180,000. Institutional investors and hedge funds own 43.22% 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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