Trade Report: The Carlyle Group LP (CG) Earns Hold Rating from Keefe, Bruyette & Woods

The Carlyle Group LP (CG) Earns Hold Rating from Keefe, Bruyette & Woods

The Carlyle Group LP (NASDAQ:CG)‘s stock had its “hold” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday. They currently have a $18.00 price objective on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 21.87% from the company’s current price.

Several other research firms also recently weighed in on CG. Zacks Investment Research raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Citigroup Inc. raised their price target on shares of The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Deutsche Bank AG restated a “hold” rating on shares of The Carlyle Group in a report on Sunday, July 10th. Credit Suisse Group AG restated a “hold” rating and set a $20.00 price target on shares of The Carlyle Group in a report on Sunday, September 11th. Finally, Jefferies Group restated a “hold” rating on shares of The Carlyle Group in a report on Thursday. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.45.

The Carlyle Group (NASDAQ:CG) traded down 0.95% during midday trading on Friday, reaching $14.63. 92,203 shares of the company were exchanged. The firm’s market cap is $1.19 billion. The Carlyle Group has a one year low of $11.25 and a one year high of $20.65. The firm’s 50-day moving average is $15.56 and its 200-day moving average is $16.21.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $488.10 million for the quarter, compared to the consensus estimate of $501 million. The Carlyle Group had a negative net margin of 3.44% and a positive return on equity of 3.99%. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. On average, equities analysts expect that The Carlyle Group will post $0.48 EPS for the current fiscal year.

In related news, CFO Curtis L. Buser sold 8,294 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total transaction of $133,782.22. Following the transaction, the chief financial officer now owns 193,825 shares of the company’s stock, valued at $3,126,397.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pamela L. Bentley sold 13,292 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total transaction of $214,399.96. Following the transaction, the insider now directly owns 148,786 shares in the company, valued at approximately $2,399,918.18. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in CG. Goldman Sachs Group Inc. raised its stake in shares of The Carlyle Group by 180.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,708,868 shares of the company’s stock valued at $28,846,000 after buying an additional 1,098,471 shares during the period. Artemis Investment Management LLP raised its stake in shares of The Carlyle Group by 140.8% in the second quarter. Artemis Investment Management LLP now owns 2,903,484 shares of the company’s stock valued at $47,138,000 after buying an additional 1,697,847 shares during the period. JPMorgan Chase & Co. raised its stake in shares of The Carlyle Group by 20.3% in the first quarter. JPMorgan Chase & Co. now owns 177,506 shares of the company’s stock valued at $2,997,000 after buying an additional 29,922 shares during the period. Douglass Winthrop Advisors LLC acquired a new stake in shares of The Carlyle Group during the second quarter valued at about $213,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock valued at $177,000 after buying an additional 38 shares during the period. 43.24% of the stock is currently owned by institutional investors and hedge funds.

About The Carlyle Group

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