BidaskClub upgraded shares of The Carlyle Group (NASDAQ:CG) from a hold rating to a buy rating in a research note published on Tuesday morning, BidAskClub reports.

CG has been the topic of a number of other research reports. Canaccord Genuity reiterated an average rating and set a $9.00 target price on shares of The Carlyle Group in a research note on Monday, March 25th. Goldman Sachs Group upgraded The Carlyle Group from a neutral rating to a buy rating and set a $21.00 target price on the stock in a research note on Friday, January 4th. ValuEngine upgraded The Carlyle Group from a sell rating to a hold rating in a research note on Tuesday, January 15th. Zacks Investment Research upgraded The Carlyle Group from a strong sell rating to a hold rating in a research note on Monday, January 14th. Finally, CIBC reiterated a hold rating and set a $9.00 target price on shares of The Carlyle Group in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The Carlyle Group currently has an average rating of Hold and a consensus target price of $20.91.

NASDAQ:CG opened at $21.11 on Tuesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.52 and a current ratio of 2.54. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.03 and a beta of 1.65. The Carlyle Group has a 12-month low of $15.09 and a 12-month high of $25.25.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.21. The firm had revenue of $151.70 million for the quarter, compared to analyst estimates of $143.99 million. The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. During the same quarter in the prior year, the company earned $1.01 earnings per share. Equities research analysts predict that The Carlyle Group will post 1.96 EPS for the current fiscal year.

In related news, CFO Curtis L. Buser sold 31,200 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total transaction of $578,760.00. Following the sale, the chief financial officer now owns 641,909 shares of the company’s stock, valued at $11,907,411.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of large investors have recently modified their holdings of the stock. Cordasco Financial Network acquired a new stake in shares of The Carlyle Group in the 1st quarter valued at $41,000. Belpointe Asset Management LLC acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at $101,000. JOYN Advisors Inc. boosted its holdings in shares of The Carlyle Group by 5.8% in the 4th quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 630 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in shares of The Carlyle Group by 18.7% in the 4th quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,770 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of The Carlyle Group by 80.9% in the 4th quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 5,500 shares in the last quarter. 44.62% of the stock is currently owned by institutional investors and hedge funds.

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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