The Carlyle Group’s (CG) Average Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reaffirmed their average rating on shares of The Carlyle Group (NASDAQ:CG) in a research note published on Tuesday. They currently have a $9.50 price target on the financial services provider’s stock.

Several other equities analysts have also issued reports on CG. Zacks Investment Research upgraded The Carlyle Group from a strong sell rating to a hold rating in a research report on Friday, November 2nd. ValuEngine raised The Carlyle Group from a strong sell rating to a sell rating in a report on Thursday, November 1st. BidaskClub upgraded The Carlyle Group from a strong sell rating to a sell rating in a research report on Tuesday, December 25th. Oppenheimer set a $34.00 target price on The Carlyle Group and gave the company a buy rating in a research report on Tuesday, October 16th. Finally, Deutsche Bank decreased their target price on The Carlyle Group from $26.00 to $24.00 and set a hold rating for the company in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $24.35.

Shares of NASDAQ:CG opened at $17.17 on Tuesday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 4.95 and a beta of 1.56. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.61 and a current ratio of 0.68. The Carlyle Group has a 1-year low of $15.09 and a 1-year high of $25.90.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.24). The Carlyle Group had a net margin of 5.47% and a return on equity of 26.30%. The firm had revenue of $679.10 million for the quarter, compared to analysts’ expectations of $660.04 million. During the same period in the prior year, the company posted $0.56 earnings per share. The Carlyle Group’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that The Carlyle Group will post 1.68 EPS for the current year.

In other news, Director Janet Hill acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was acquired at an average price of $20.19 per share, with a total value of $100,950.00. Following the completion of the transaction, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of The Carlyle Group in the third quarter worth approximately $230,000. JPMorgan Chase & Co. lifted its holdings in shares of The Carlyle Group by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 1,802,418 shares of the financial services provider’s stock valued at $40,644,000 after acquiring an additional 275,990 shares during the period. Tuttle Tactical Management bought a new position in shares of The Carlyle Group in the second quarter valued at about $107,000. LLBH Private Wealth Management LLC increased its position in The Carlyle Group by 2.7% in the third quarter. LLBH Private Wealth Management LLC now owns 102,824 shares of the financial services provider’s stock worth $2,319,000 after purchasing an additional 2,658 shares during the period. Finally, Marshall Wace LLP acquired a new stake in The Carlyle Group in the third quarter worth about $18,366,000. Institutional investors and hedge funds own 41.66% of the company’s stock.

The Carlyle Group Company Profile

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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