Oppenheimer Downgrades The Carlyle Group (NASDAQ:CG) to Market Perform

The Carlyle Group (NASDAQ:CG) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, MarketBeat Ratings reports.

Other equities research analysts have also issued research reports about the stock. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Evercore ISI boosted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Barclays decreased their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $54.53.

The Carlyle Group Stock Up 0.8 %

Shares of NASDAQ:CG opened at $43.81 on Wednesday. The firm has a fifty day moving average price of $50.17 and a two-hundred day moving average price of $49.13. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a one year low of $36.65 and a one year high of $57.50. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Analysts anticipate that The Carlyle Group will post 4.48 EPS for the current fiscal year.

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors have recently modified their holdings of CG. Lansforsakringar Fondforvaltning AB publ acquired a new stake in The Carlyle Group in the 4th quarter worth about $3,747,000. Siemens Fonds Invest GmbH purchased a new stake in shares of The Carlyle Group during the 4th quarter valued at approximately $90,000. American Trust raised its position in The Carlyle Group by 6.8% in the fourth quarter. American Trust now owns 5,320 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 340 shares during the period. Forum Financial Management LP purchased a new stake in The Carlyle Group in the fourth quarter valued at approximately $330,000. Finally, Sunbelt Securities Inc. raised its position in The Carlyle Group by 100.0% in the fourth quarter. Sunbelt Securities Inc. now owns 2,000 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors 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.