The Carlyle Group L.P. (NASDAQ:CG)‘s stock had its “buy” rating reiterated by stock analysts at Credit Suisse Group in a report released on Friday. They presently have a $26.00 price target on the financial services provider’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 6.34% from the stock’s current price.

Other research analysts have also issued reports about the company. Bank of America Corporation upgraded The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. BidaskClub upgraded The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Citigroup Inc. upped their price target on The Carlyle Group L.P. 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 L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, ValuEngine upgraded The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The Carlyle Group L.P. currently has an average rating of “Buy” and a consensus target price of $23.11.

The Carlyle Group L.P. (NASDAQ:CG) traded up 3.16% during mid-day trading on Friday, hitting $24.45. 780,456 shares of the stock were exchanged. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $24.60. The company has a market cap of $2.23 billion, a P/E ratio of 57.26 and a beta of 1.81. The company has a 50-day moving average price of $21.40 and a 200-day moving average price of $18.72.

The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly 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 L.P. had a return on equity of 41.32% and a net margin of 4.13%. The company had revenue of $908.40 million during the quarter, compared to analyst estimates of $696.36 million. During the same period in the previous year, the company earned $0.35 earnings per share. On average, analysts predict that The Carlyle Group L.P. will post $2.82 earnings per share for the current fiscal year.

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In other The Carlyle Group L.P. news, Director Edward J. Mathias sold 6,593 shares of the company’s stock in a transaction 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 sale, the director now directly owns 34,114 shares in the company, valued at $724,922.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the company’s 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 in the company, valued at $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 over the last 90 days.

Large investors have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its position in The Carlyle Group L.P. by 2,205.9% in 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 period. Penserra Capital Management LLC grew its position in The Carlyle Group L.P. by 8.7% in 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 period. Pathstone Family Office LLC grew its position in The Carlyle Group L.P. by 1,660.0% in 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 period. Cambridge Investment Research Advisors Inc. grew its position in 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 valued at $163,000 after acquiring an additional 144 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in The Carlyle Group L.P. in the second quarter valued at $223,000. Hedge funds and other institutional investors own 40.65% 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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