The Carlyle Group (NASDAQ:CG) had its price target boosted by Bank of America from $25.00 to $27.00 in a research report report published on Friday morning, BenzingaRatingsTable reports. They currently have an underperform rating on the financial services provider’s stock.

A number of other analysts have also recently issued reports on CG. Zacks Investment Research raised The Carlyle Group from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Tuesday, July 7th. TD Securities downgraded shares of The Carlyle Group to a hold rating and increased their price objective for the stock from $15.50 to $17.00 in a research report on Tuesday, June 30th. Deutsche Bank boosted their price objective on shares of The Carlyle Group from $23.00 to $24.00 and gave the company a hold rating in a research report on Friday, May 15th. Morgan Stanley reduced their target price on shares of The Carlyle Group from $25.00 to $23.00 and set an equal weight rating for the company in a research note on Monday, May 4th. Finally, Cfra dropped their price target on The Carlyle Group from $29.00 to $25.00 and set a hold rating on the stock in a research note on Friday, May 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $28.19.

The Carlyle Group stock opened at $27.44 on Friday. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -457.33 and a beta of 1.66. The company’s 50 day simple moving average is $28.64 and its 200 day simple moving average is $27.55. The company has a debt-to-equity ratio of 3.22, a current ratio of 2.72 and a quick ratio of 2.72. The Carlyle Group has a fifty-two week low of $15.21 and a fifty-two week high of $34.98.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. The Carlyle Group had a negative net margin of 13.26% and a positive return on equity of 13.74%. The business had revenue of ($745.70) million during the quarter, compared to analysts’ expectations of $523.32 million. During the same quarter in the prior year, the company earned $1.18 EPS. The firm’s quarterly revenue was down 168.6% on a year-over-year basis. As a group, analysts predict that The Carlyle Group will post 1.51 EPS for the current fiscal year.

In related news, major shareholder Carlyle Group Management L.L.C sold 2,000,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $124.56, for a total transaction of $249,120,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 12,165,000 shares of company stock worth $784,024,400.

A number of large investors have recently modified their holdings of the stock. Capital World Investors bought a new stake in The Carlyle Group in the 1st quarter valued at $113,980,000. UBS Group AG raised its position in shares of The Carlyle Group by 40.3% in the fourth quarter. UBS Group AG now owns 2,720,700 shares of the financial services provider’s stock valued at $87,280,000 after purchasing an additional 782,122 shares during the period. Artemis Investment Management LLP lifted its stake in shares of The Carlyle Group by 4.0% during the 1st quarter. Artemis Investment Management LLP now owns 2,465,746 shares of the financial services provider’s stock worth $53,444,678,000 after buying an additional 95,195 shares during the last quarter. Markel Corp boosted its holdings in shares of The Carlyle Group by 1.0% during the 1st quarter. Markel Corp now owns 1,222,000 shares of the financial services provider’s stock worth $26,456,000 after buying an additional 12,000 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in The Carlyle Group by 494.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 932,918 shares of the financial services provider’s stock valued at $29,928,000 after buying an additional 775,861 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

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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