The Carlyle Group LP (NASDAQ:CG) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

A number of other equities analysts have also recently weighed in on the company. BidaskClub raised The Carlyle Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Bank of America Corporation raised The Carlyle Group from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. Citigroup Inc. upped their price target on The Carlyle Group from $24.50 to $25.50 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Oppenheimer Holdings, Inc. upped their price target on The Carlyle Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 price target on shares of The Carlyle Group in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $22.78.

The Carlyle Group (CG) traded down 0.49% on Thursday, hitting $20.15. The stock had a trading volume of 427,632 shares. The Carlyle Group has a 52-week low of $14.35 and a 52-week high of $22.13. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 47.19 and a beta of 1.81. The company has a 50 day moving average price of $20.91 and a 200-day moving average price of $18.34.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.37. The Carlyle Group had a return on equity of 50.61% and a net margin of 24.29%. The firm had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities research analysts predict that The Carlyle Group will post $2.81 earnings per share for the current year.

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In other The Carlyle Group news, 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 transaction of $140,101.25. Following the completion of the transaction, the director now owns 34,114 shares of the company’s stock, valued at $724,922.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $354,705.00. Following the transaction, the general counsel now directly owns 161,956 shares of the company’s stock, valued at approximately $3,441,565. The disclosure for this sale can be found here. Insiders have sold 62,013 shares of company stock valued at $1,317,776 in the last three months.

Institutional investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. raised its holdings in shares of The Carlyle Group by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 4,875 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of The Carlyle Group by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of The Carlyle Group by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 144 shares during the last quarter. First Manhattan Co. raised its holdings in shares of The Carlyle Group by 6.9% during the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 700 shares during the last quarter. Finally, Pathstone Family Office LLC raised its holdings in shares of The Carlyle Group by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 8,300 shares during the last quarter. 40.64% of the stock is owned by institutional investors and hedge funds.

About The Carlyle Group

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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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