BidaskClub cut shares of The Carlyle Group L.P. (NASDAQ:CG) from a buy rating to a hold rating in a report published on Thursday.

Other analysts also recently issued reports about the stock. Credit Suisse Group reissued a buy rating and issued a $23.00 price target on shares of The Carlyle Group L.P. in a research note on Thursday, June 15th. Zacks Investment Research raised shares of The Carlyle Group L.P. from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Thursday, May 11th. Keefe, Bruyette & Woods upgraded shares of The Carlyle Group L.P. from a market perform rating to an outperform rating and boosted their price target for the company from $17.50 to $20.00 in a research report on Thursday, May 4th. Jefferies Group LLC reiterated a hold rating and set a $17.00 price target on shares of The Carlyle Group L.P. in a research report on Tuesday, May 2nd. Finally, Morgan Stanley reiterated an overweight rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $20.94.

Shares of The Carlyle Group L.P. (NASDAQ CG) traded down 1.1692% during midday trading on Thursday, reaching $20.5074. The company had a trading volume of 245,978 shares. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $21.25. The firm has a market capitalization of $1.76 billion, a P/E ratio of 95.3833 and a beta of 1.82. The company has a 50 day moving average price of $19.64 and a 200-day moving average price of $17.48.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.71. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $530.61 million. The Carlyle Group L.P. had a net margin of 2.78% and a return on equity of 33.76%. The business’s revenue for the quarter was up 131.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, analysts anticipate that The Carlyle Group L.P. will post $2.47 EPS for the current fiscal year.

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In other news, insider Pamela L. Bentley sold 9,928 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $17.40, for a total value of $172,747.20. Following the completion of the sale, the insider now owns 161,702 shares in the company, valued at approximately $2,813,614.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of large investors have recently made changes to their positions in CG. Renaissance Technologies LLC acquired a new stake in The Carlyle Group L.P. during the fourth quarter valued at approximately $1,684,000. Creative Planning increased its position in shares of The Carlyle Group L.P. by 19.8% in the first quarter. Creative Planning now owns 33,008 shares of the financial services provider’s stock worth $526,000 after buying an additional 5,458 shares during the last quarter. Augustine Asset Management Inc. increased its position in shares of The Carlyle Group L.P. by 3.1% in the first quarter. Augustine Asset Management Inc. now owns 74,399 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 2,219 shares during the last quarter. SOL Capital Management CO increased its position in shares of The Carlyle Group L.P. by 19.3% in the first quarter. SOL Capital Management CO now owns 157,950 shares of the financial services provider’s stock worth $2,519,000 after buying an additional 25,500 shares during the last quarter. Finally, Private Wealth Partners LLC increased its position in shares of The Carlyle Group L.P. by 0.5% in the first quarter. Private Wealth Partners LLC now owns 20,500 shares of the financial services provider’s stock worth $327,000 after buying an additional 100 shares during the last quarter. Institutional investors own 45.09% of the company’s stock.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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