The Carlyle Group LP (NASDAQ:CG) Receives Consensus Recommendation of “Hold” from Brokerages

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The Carlyle Group LP (NASDAQ:CG) has been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.50.

Several brokerages have issued reports on CG. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group dropped their price objective on shares of The Carlyle Group from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. CIBC raised shares of The Carlyle Group to an “outperformer” rating and boosted their price objective for the company from $14.00 to $17.00 in a research note on Monday, June 8th. ValuEngine raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Citigroup cut shares of The Carlyle Group from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th.

CG stock traded up $0.08 on Friday, hitting $27.97. The company’s stock had a trading volume of 43,044 shares, compared to its average volume of 3,969,786. The firm has a 50 day moving average of $27.86 and a two-hundred day moving average of $27.71. The Carlyle Group has a 1 year low of $15.21 and a 1 year high of $34.98. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of -467.50 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 3.22.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.39 by $0.09. The Carlyle Group had a negative net margin of 13.26% and a positive return on equity of 13.74%. The firm had revenue of ($745.70) million during the quarter, compared to the consensus estimate of $523.32 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The Carlyle Group’s revenue for the quarter was down 168.6% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group will post 1.49 EPS for the current fiscal year.

In other The Carlyle Group news, major shareholder Carlyle Group Management L.L.C sold 2,000,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $124.56, for a total value of $249,120,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 12,165,000 shares of company stock worth $784,024,400.

Several hedge funds have recently made changes to their positions in the company. Capital World Investors purchased a new position in shares of The Carlyle Group during the 1st quarter worth about $113,980,000. UBS Group AG increased its position in The Carlyle Group by 40.3% during the 4th quarter. UBS Group AG now owns 2,720,700 shares of the financial services provider’s stock worth $87,280,000 after purchasing an additional 782,122 shares in the last quarter. Artemis Investment Management LLP increased its position in The Carlyle Group by 4.0% during the 1st quarter. Artemis Investment Management LLP now owns 2,465,746 shares of the financial services provider’s stock worth $53,444,678,000 after purchasing an additional 95,195 shares in the last quarter. Credit Suisse AG increased its position in The Carlyle Group by 98.0% during the 4th quarter. Credit Suisse AG now owns 1,377,854 shares of the financial services provider’s stock worth $44,202,000 after purchasing an additional 681,907 shares in the last quarter. Finally, Markel Corp increased its position in The Carlyle Group by 1.0% during the 1st quarter. Markel Corp now owns 1,222,000 shares of the financial services provider’s stock worth $26,456,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

About The Carlyle Group

The Carlyle Group L.P. 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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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