Carlyle Group (NASDAQ:CG) Downgraded by Wall Street Zen to Sell

Carlyle Group (NASDAQ:CG) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. BMO Capital Markets assumed coverage on Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Evercore ISI decreased their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Keefe, Bruyette & Woods cut their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup decreased their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.62.

Carlyle Group Trading Up 1.1%

NASDAQ:CG opened at $65.41 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The stock’s 50 day simple moving average is $56.84 and its 200-day simple moving average is $59.54. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The firm has a market cap of $23.57 billion, a P/E ratio of 36.54, a PEG ratio of 1.20 and a beta of 2.04.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts anticipate that Carlyle Group will post 4.48 EPS for the current year.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.30% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its stake in shares of Carlyle Group by 43.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 61,998 shares of the financial services provider’s stock valued at $3,665,000 after buying an additional 18,669 shares during the period. Diversified Trust Co. grew its position in Carlyle Group by 2.0% during the fourth quarter. Diversified Trust Co. now owns 42,466 shares of the financial services provider’s stock valued at $2,510,000 after acquiring an additional 840 shares during the period. Everhart Financial Group Inc. raised its holdings in shares of Carlyle Group by 42.8% in the 4th quarter. Everhart Financial Group Inc. now owns 13,051 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 3,910 shares during the period. GAMMA Investing LLC lifted its stake in shares of Carlyle Group by 5.3% in the 4th quarter. GAMMA Investing LLC now owns 9,014 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 450 shares in the last quarter. Finally, PMG Family Office LLC acquired a new stake in Carlyle Group during the 3rd quarter worth approximately $276,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.