The Carlyle Group L.P. (NASDAQ:CG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “

A number of other research analysts have also weighed in on CG. Oppenheimer Holdings, Inc. boosted their target price 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. Bank of America Corporation raised The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. TheStreet lowered The Carlyle Group L.P. from a “c-” rating to a “d+” rating in a report on Thursday, September 7th. Morgan Stanley reissued an “overweight” rating and set a $21.00 target price (up from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $23.00 target price on shares of The Carlyle Group L.P. in a report on Thursday, June 15th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.89.

Shares of The Carlyle Group L.P. (NASDAQ:CG) traded down 1.43% during trading on Friday, reaching $24.15. The company’s stock had a trading volume of 434,060 shares. The stock’s 50 day moving average price is $22.31 and its 200 day moving average price is $19.36. The Carlyle Group L.P. has a 52 week low of $14.35 and a 52 week high of $24.85. The company has a market cap of $2.20 billion, a PE ratio of 56.56 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million for 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 quarter in the previous year, the firm earned $0.35 EPS. Equities research analysts predict that The Carlyle Group L.P. will post $2.85 EPS for the current year.

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In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 17,760 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 $377,400.00. Following the transaction, the insider now directly owns 143,942 shares of the company’s stock, valued at approximately $3,058,767.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Curtis L. Buser sold 20,968 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 $445,570.00. Following the completion of the transaction, the chief financial officer now directly owns 354,610 shares in the company, valued at $7,535,462.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,013 shares of company stock worth $1,317,776.

Hedge funds and other institutional investors have recently modified their holdings of the business. Perigon Wealth Management LLC lifted its position in shares of The Carlyle Group L.P. by 4.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 82,752 shares of the financial services provider’s stock valued at $1,634,000 after acquiring an additional 3,533 shares during the period. Schafer Cullen Capital Management Inc. bought a new stake in shares of The Carlyle Group L.P. during the 2nd quarter valued at $280,000. BW Gestao de Investimentos Ltda. lifted its position in shares of The Carlyle Group L.P. by 544.9% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 89,640 shares of the financial services provider’s stock valued at $1,770,000 after acquiring an additional 75,741 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of The Carlyle Group L.P. by 1.1% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 143,795 shares of the financial services provider’s stock valued at $2,840,000 after acquiring an additional 1,500 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of The Carlyle Group L.P. by 46.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 45,734 shares of the financial services provider’s stock valued at $903,000 after acquiring an additional 14,440 shares during the period. 40.65% of the stock is currently owned by hedge funds and other institutional investors.

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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