The Carlyle Group LP (NASDAQ:CG) has been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.83.

A number of research analysts recently weighed in on the company. Raymond James reaffirmed a “buy” rating and set a $10.00 price target on shares of The Carlyle Group in a research note on Monday, June 3rd. TheStreet downgraded Trade Desk from a “b-” rating to a “c-” rating in a research note on Thursday, May 9th. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Canaccord Genuity set a $22.00 price target on Hibbett Sports and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, CIBC reissued a “hold” rating and set a $12.00 price objective on shares of Pretium Resources in a report on Monday, April 8th.

In other The Carlyle Group news, insider Pamela L. Bentley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $19.79, for a total transaction of $197,900.00. Following the completion of the sale, the insider now directly owns 146,962 shares of the company’s stock, valued at approximately $2,908,377.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in The Carlyle Group by 36.8% during the first quarter. Bank of Montreal Can now owns 1,651,100 shares of the financial services provider’s stock valued at $30,183,000 after purchasing an additional 444,000 shares during the period. JPMorgan Chase & Co. grew its holdings in The Carlyle Group by 47.5% during the first quarter. JPMorgan Chase & Co. now owns 875,436 shares of the financial services provider’s stock valued at $16,003,000 after purchasing an additional 281,808 shares during the period. First Republic Investment Management Inc. grew its holdings in The Carlyle Group by 321.3% during the first quarter. First Republic Investment Management Inc. now owns 325,299 shares of the financial services provider’s stock valued at $5,946,000 after purchasing an additional 248,091 shares during the period. Oppenheimer & Co. Inc. grew its holdings in The Carlyle Group by 94.9% during the first quarter. Oppenheimer & Co. Inc. now owns 272,281 shares of the financial services provider’s stock valued at $4,977,000 after purchasing an additional 132,543 shares during the period. Finally, Raymond James & Associates grew its holdings in The Carlyle Group by 37.2% during the fourth quarter. Raymond James & Associates now owns 396,138 shares of the financial services provider’s stock valued at $6,239,000 after purchasing an additional 107,342 shares during the period. 41.53% of the stock is owned by institutional investors.

CG stock traded down $0.08 during trading on Friday, reaching $23.59. 21,223 shares of the stock were exchanged, compared to its average volume of 883,442. The business’s 50 day simple moving average is $22.27. The Carlyle Group has a twelve month low of $15.09 and a twelve month high of $25.25. The company has a current ratio of 2.81, a quick ratio of 2.80 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 8.97 and a beta of 1.66.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The Carlyle Group had a return on equity of 6.82% and a net margin of 9.83%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $487.45 million. During the same period last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 54.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Carlyle Group will post 1.58 EPS for the current year.

About The Carlyle Group

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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