The Carlyle Group (NASDAQ:CG) Stock Rating Upgraded by StockNews.com

The Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages also recently issued reports on CG. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Morgan Stanley raised their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group raised their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI upped their target price on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Stock Performance

Shares of CG stock opened at $53.23 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The business has a fifty day moving average of $49.36 and a 200 day moving average of $44.41. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 183.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.70. The Carlyle Group has a 1 year low of $34.13 and a 1 year high of $55.11.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the previous year, the business posted $0.87 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts expect that The Carlyle Group will post 3.77 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 over the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its stake in The Carlyle Group by 19.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 14,829 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 2,363 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of The Carlyle Group in the 1st quarter valued at $202,000. Swedbank AB acquired a new stake in The Carlyle Group during the 1st quarter worth $740,000. Cetera Investment Advisers boosted its stake in The Carlyle Group by 292.1% in the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new position in shares of The Carlyle Group during the first quarter worth about $773,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.