The Carlyle Group LP (NASDAQ:CG) had its price objective increased by investment analysts at Citigroup Inc. from $24.50 to $25.50 in a research report issued on Tuesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup Inc.’s target price indicates a potential upside of 19.16% from the company’s current price.

Several other research analysts have also recently weighed in on CG. Morgan Stanley lifted their price target on The Carlyle Group from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Deutsche Bank AG lifted their price target on The Carlyle Group from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. TheStreet upgraded The Carlyle Group from a “d” rating to a “c-” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded The Carlyle Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The Carlyle Group currently has an average rating of “Buy” and a consensus target price of $22.22.

Shares of The Carlyle Group (NASDAQ:CG) traded down 0.70% on Tuesday, hitting $21.25. 118,212 shares of the stock traded hands. The Carlyle Group has a 52-week low of $14.35 and a 52-week high of $22.13. The firm has a market cap of $1.93 billion, a PE ratio of 49.77 and a beta of 1.83. The firm has a 50 day moving average price of $20.43 and a 200 day moving average price of $17.82.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.37. The company had revenue of $908.40 million during the quarter, compared to analysts’ expectations of $696.36 million. The Carlyle Group had a return on equity of 50.61% and a net margin of 24.29%. During the same period last year, the business earned $0.35 earnings per share. On average, equities analysts forecast that The Carlyle Group will post $2.81 EPS for the current year.

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In other news, Director Edward J. Mathias sold 6,593 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now directly owns 34,114 shares of the company’s stock, valued at $724,922.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pamela L. Bentley sold 17,760 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the sale, the insider now directly owns 143,942 shares in the company, valued at $3,058,767.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,013 shares of company stock worth $1,317,776.

Several hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of The Carlyle Group by 2,205.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after buying an additional 4,875 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of The Carlyle Group by 8.7% in the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after buying an additional 419 shares in the last quarter. Loeb Partners Corp purchased a new stake in shares of The Carlyle Group during the first quarter worth about $159,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares in the last quarter. Finally, First Manhattan Co. raised its stake in shares of The Carlyle Group by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock worth $168,000 after buying an additional 700 shares in the last quarter. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

About The Carlyle Group

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 (NASDAQ:CG)

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