The Carlyle Group (NASDAQ:CG) Lowered to “Sell” Rating by StockNews.com

The Carlyle Group (NASDAQ:CG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

CG has been the topic of a number of other reports. Wells Fargo & Company raised their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Evercore ISI lifted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Stock Up 1.6 %

Shares of The Carlyle Group stock opened at $53.65 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 Carlyle Group has a 1 year low of $32.09 and a 1 year high of $54.52. The firm’s 50-day moving average is $48.30 and its two-hundred day moving average is $44.02. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 185.00, a PEG ratio of 1.39 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts expect that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the sale, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. The trade was a 10.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tobam acquired a new position in shares of The Carlyle Group during the 2nd quarter valued at about $27,000. Blue Trust Inc. boosted its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group during the 3rd quarter valued at about $33,000. 1832 Asset Management L.P. acquired a new position in shares of The Carlyle Group during the 1st quarter valued at about $55,000. Finally, Rothschild Investment LLC acquired a new position in shares of The Carlyle Group during the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Company Profile

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.