The Carlyle Group L.P. (NASDAQ:CG) had its price objective hoisted by investment analysts at Morgan Stanley from $25.00 to $27.00 in a note issued to investors on Thursday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.88% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of The Carlyle Group L.P. in a research report 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 report on Thursday, June 8th. BidaskClub cut shares of The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.00 price target on shares of The Carlyle Group L.P. in a research report on Wednesday, August 16th. Finally, ValuEngine cut shares of The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The Carlyle Group L.P. presently has an average rating of “Buy” and an average target price of $23.89.

Shares of The Carlyle Group L.P. (NASDAQ CG) traded up 0.62% during mid-day trading on Thursday, hitting $24.50. The stock had a trading volume of 977,970 shares. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $24.85. The firm’s 50 day moving average price is $22.22 and its 200 day moving average price is $19.32. The company has a market cap of $2.23 billion, a P/E ratio of 57.38 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.37. The company had revenue of $908.40 million for the quarter, compared to analysts’ expectations 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 earned $0.35 EPS. Analysts predict that The Carlyle Group L.P. will post $2.84 earnings per share for the current fiscal year.

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In other news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the completion of the sale, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Curtis L. Buser sold 20,968 shares of the firm’s 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 $445,570.00. Following the sale, the chief financial officer now owns 354,610 shares of the company’s stock, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,013 shares of company stock worth $1,317,776.

Several hedge funds have recently modified their holdings of CG. Bronfman E.L. Rothschild L.P. increased its stake in shares of The Carlyle Group L.P. by 2,205.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 4,875 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of The Carlyle Group L.P. by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 419 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 144 shares during the last quarter. Pathstone Family Office LLC increased its stake in shares of The Carlyle Group L.P. by 1,660.0% during the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of The Carlyle Group L.P. during the 2nd quarter worth approximately $223,000. 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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