Carlyle Group (NASDAQ:CG) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Carlyle Group (NASDAQ:CG) from a hold rating to a sell rating in a research report sent to investors on Monday,Wall Street Zen reports.

A number of other research analysts have also recently commented on the company. Morgan Stanley set a $51.00 price target on Carlyle Group in a report on Friday, October 16th. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. UBS Group lowered their target price on shares of Carlyle Group from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Citizens Jmp upped their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $54.60.

Carlyle Group Trading Up 0.4%

Carlyle Group stock opened at $38.75 on Monday. The business has a 50-day simple moving average of $42.19 and a two-hundred day simple moving average of $47.86. The company has a market cap of $13.81 billion, a P/E ratio of 40.37, a P/E/G ratio of 1.24 and a beta of 1.88. Carlyle Group has a 52-week low of $35.41 and a 52-week high of $67.30. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same period in the prior year, the business posted $0.87 EPS. Carlyle Group’s revenue was down 28.6% on a year-over-year basis. Analysts predict that Carlyle Group will post 3.54 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the transaction, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Carlyle Group during the second quarter valued at $1,346,848,000. William Blair Investment Management LLC purchased a new stake in Carlyle Group in the second quarter worth about $249,077,000. Legal & General Group Plc bought a new position in Carlyle Group during the 2nd quarter worth about $162,984,000. Amundi grew its holdings in Carlyle Group by 419.0% during the 2nd quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock worth $143,427,000 after acquiring an additional 2,749,781 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Carlyle Group by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock valued at $99,086,000 after purchasing an additional 23,065 shares during the period. 55.88% of the stock is owned by institutional investors.

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.