The Carlyle Group L.P. (NASDAQ:CG)‘s stock had its “buy” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report released on Wednesday. They currently have a $25.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 16.82% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. Oppenheimer Holdings, Inc. increased their target price on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Wednesday, July 5th. Bank of America Corporation upgraded shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Morgan Stanley reissued an “overweight” rating and issued a $21.00 price target (up from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Finally, Credit Suisse Group raised shares of The Carlyle Group L.P. from a “neutral” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Thursday, May 11th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.78.

Shares of The Carlyle Group L.P. (NASDAQ CG) traded up 0.47% on Wednesday, reaching $21.40. 927,084 shares of the company’s stock traded hands. The Carlyle Group L.P. has a 52 week low of $14.35 and a 52 week high of $22.13. The company has a 50 day moving average of $20.48 and a 200-day moving average of $17.85. The stock has a market capitalization of $1.95 billion, a PE ratio of 50.12 and a beta of 1.83.

The Carlyle Group L.P. (NASDAQ:CG) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million during the quarter, compared to analyst estimates of $696.36 million. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. During the same quarter in the prior year, the firm posted $0.35 EPS. Equities research analysts forecast that The Carlyle Group L.P. will post $2.81 earnings per share for the current year.

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In related news, CFO Curtis L. Buser sold 20,968 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $445,570.00. Following the transaction, the chief financial officer now owns 354,610 shares in the company, valued at $7,535,462.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward J. Mathias sold 6,593 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the completion of the transaction, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock worth $1,317,776 in the last quarter.

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of The Carlyle Group L.P. by 201.6% in the second quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock valued at $37,559,000 after buying an additional 1,271,205 shares during the period. ING Groep NV bought a new position in shares of The Carlyle Group L.P. during the first quarter valued at approximately $7,613,000. Goldman Sachs Group Inc. increased its position in shares of The Carlyle Group L.P. by 29.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock valued at $39,142,000 after buying an additional 448,150 shares during the period. Artemis Investment Management LLP increased its position in shares of The Carlyle Group L.P. by 16.5% in the second quarter. Artemis Investment Management LLP now owns 3,163,828 shares of the financial services provider’s stock valued at $62,562,000 after buying an additional 447,498 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of The Carlyle Group L.P. by 101.4% in the second quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock valued at $15,316,000 after buying an additional 390,337 shares during the period. Institutional investors own 42.79% 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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