The Carlyle Group L.P. (NASDAQ:CG)‘s stock had its “overweight” rating reissued by analysts at Morgan Stanley in a note issued to investors on Monday. They presently have a $21.00 price target on the financial services provider’s stock, up from their prior price target of $20.00. Morgan Stanley’s target price points to a potential upside of 9.09% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. BidaskClub cut shares of The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, July 5th. Credit Suisse Group reissued a “buy” rating and set a $23.00 price target on shares of The Carlyle Group L.P. in a research note on Thursday, June 15th. Bank of America Corporation raised shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC increased their price target on shares of The Carlyle Group L.P. from $17.00 to $18.50 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.56.

Shares of The Carlyle Group L.P. (NASDAQ CG) traded up 1.82% during trading on Monday, hitting $19.60. The stock had a trading volume of 147,959 shares. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 91.16 and a beta of 1.83. The stock’s 50-day moving average price is $18.27 and its 200 day moving average price is $16.85. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $20.00.

The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.71. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $530.61 million. The Carlyle Group L.P. had a net margin of 2.78% and a return on equity of 33.76%. The company’s quarterly revenue was up 131.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts forecast that The Carlyle Group L.P. will post $2.52 EPS for the current year.

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In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 9,928 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $17.40, for a total value of $172,747.20. Following the sale, the insider now directly owns 161,702 shares in the company, valued at $2,813,614.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Several large investors have recently modified their holdings of CG. Augustine Asset Management Inc. raised its stake in shares of The Carlyle Group L.P. by 3.1% in the first quarter. Augustine Asset Management Inc. now owns 74,399 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 2,219 shares during the last quarter. SOL Capital Management CO raised its stake in shares of The Carlyle Group L.P. by 19.3% in the first quarter. SOL Capital Management CO now owns 157,950 shares of the financial services provider’s stock worth $2,519,000 after buying an additional 25,500 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of The Carlyle Group L.P. during the fourth quarter worth approximately $1,684,000. Private Wealth Partners LLC raised its stake in shares of The Carlyle Group L.P. by 0.5% in the first quarter. Private Wealth Partners LLC now owns 20,500 shares of the financial services provider’s stock worth $327,000 after buying an additional 100 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in shares of The Carlyle Group L.P. by 50.3% in the first quarter. Stifel Financial Corp now owns 68,259 shares of the financial services provider’s stock worth $1,089,000 after buying an additional 22,830 shares during the last quarter. Institutional investors and hedge funds own 45.45% of the company’s stock.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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