The Carlyle Group (NASDAQ:CG) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages have also weighed in on CG. Zacks Investment Research upgraded The Carlyle Group from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, October 3rd. Credit Suisse Group restated a “buy” rating and set a $26.00 price target on shares of The Carlyle Group in a research note on Friday, September 22nd. Morgan Stanley boosted their price target on The Carlyle Group from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. Oppenheimer restated a “buy” rating on shares of The Carlyle Group in a research note on Tuesday, October 31st. Finally, Citigroup lowered The Carlyle Group from a “buy” rating to a “neutral” rating and set a $25.50 price target on the stock. in a research note on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $24.89.
Shares of The Carlyle Group (NASDAQ:CG) traded down $0.05 during mid-day trading on Friday, hitting $24.35. The stock had a trading volume of 617,970 shares, compared to its average volume of 512,226. The Carlyle Group has a 1-year low of $15.45 and a 1-year high of $25.85. The stock has a market capitalization of $2,386.46, a price-to-earnings ratio of 13.84 and a beta of 1.79. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23.
In related news, Director Edward J. Mathias sold 17,133 shares of The Carlyle Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total transaction of $363,390.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently made changes to their positions in CG. FMR LLC lifted its holdings in The Carlyle Group by 201.6% in the second quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock valued at $37,559,000 after acquiring an additional 1,271,205 shares during the period. Goldman Sachs Group Inc. lifted its holdings in The Carlyle Group by 29.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock valued at $39,142,000 after acquiring an additional 448,150 shares during the period. Wells Fargo & Company MN lifted its holdings in The Carlyle Group by 101.4% in the second quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock valued at $15,316,000 after acquiring an additional 390,337 shares during the period. Bamco Inc. NY lifted its holdings in The Carlyle Group by 2.8% in the third quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock valued at $133,694,000 after acquiring an additional 152,500 shares during the period. Finally, EnTrustPermal Management LLC acquired a new position in The Carlyle Group in the second quarter valued at approximately $2,862,000. 38.01% of the stock is owned by institutional investors.
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The Carlyle Group 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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