The Carlyle Group L.P. (NASDAQ:CG) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other equities analysts have also issued reports on CG. BidaskClub lowered The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their price objective on The Carlyle Group L.P. from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price objective on shares of The Carlyle Group L.P. in a research report on Wednesday, August 16th. Deutsche Bank AG increased their price objective on The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, TheStreet upgraded The Carlyle Group L.P. from a “d” rating to a “c-” rating in a research report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.78.

Shares of The Carlyle Group L.P. (NASDAQ CG) traded up 0.86% during trading on Friday, reaching $23.55. The company had a trading volume of 1,621,241 shares. The stock’s 50-day moving average price is $21.21 and its 200-day moving average price is $18.57. The stock has a market capitalization of $2.14 billion, a PE ratio of 55.15 and a beta of 1.81. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $23.90.

The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 41.32% and a net margin of 4.13%. During the same period last year, the company posted $0.35 EPS. Equities analysts forecast that The Carlyle Group L.P. will post $2.82 earnings per share for the current fiscal year.

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In other news, insider Pamela L. Bentley sold 17,760 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the sale, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the stock in a transaction 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 completion of the sale, the general counsel now 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 sold 62,013 shares of company stock valued at $1,317,776 in the last 90 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings 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 valued at $1,089,000 after purchasing an additional 22,830 shares in the last quarter. Legal & General Group Plc increased its stake in shares of The Carlyle Group L.P. by 11.5% in the first quarter. Legal & General Group Plc now owns 203,533 shares of the financial services provider’s stock worth $3,251,000 after acquiring an additional 21,048 shares during the last quarter. Morgan Stanley increased its stake in shares of The Carlyle Group L.P. by 0.8% in the first quarter. Morgan Stanley now owns 5,177,247 shares of the financial services provider’s stock worth $82,577,000 after acquiring an additional 41,531 shares during the last quarter. LGT Capital Partners LTD. increased its stake in shares of The Carlyle Group L.P. by 77.6% in the second quarter. LGT Capital Partners LTD. now owns 435,000 shares of the financial services provider’s stock worth $8,591,000 after acquiring an additional 190,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 40.64% of the company’s stock.

The Carlyle Group L.P. Company Profile

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 L.P. (NASDAQ:CG)

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