The Carlyle Group’s (CG) “Hold” Rating Reiterated at CIBC
CIBC reaffirmed their hold rating on shares of The Carlyle Group (NASDAQ:CG) in a research note released on Monday morning, AnalystRatings.com reports. CIBC currently has a $9.00 price objective on the financial services provider’s stock.
A number of other analysts have also recently issued reports on CG. Bank of America cut shares of The Carlyle Group from a buy rating to a neutral rating and reduced their price objective for the stock from $23.00 to $20.00 in a research note on Friday, March 29th. Canaccord Genuity reissued an average rating and issued a $9.00 price objective on shares of The Carlyle Group in a research note on Monday, March 25th. BidaskClub raised shares of The Carlyle Group from a sell rating to a hold rating in a research note on Saturday, March 16th. ValuEngine raised shares of The Carlyle Group from a sell rating to a hold rating in a research note on Tuesday, January 15th. Finally, Zacks Investment Research raised shares of The Carlyle Group from a strong sell rating to a hold rating in a research note on Monday, January 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The Carlyle Group currently has a consensus rating of Hold and a consensus price target of $21.50.
CG opened at $18.69 on Monday. 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 Carlyle Group has a 1-year low of $15.09 and a 1-year high of $25.25. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 7.11 and a beta of 1.65.
In related news, CFO Curtis L. Buser sold 31,200 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total transaction of $578,760.00. Following the completion of the transaction, the chief financial officer now directly owns 641,909 shares of the company’s stock, valued at $11,907,411.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cordasco Financial Network purchased a new position in shares of The Carlyle Group in the 1st quarter worth $41,000. Belpointe Asset Management LLC purchased a new position in shares of The Carlyle Group in the 3rd quarter worth $101,000. JOYN Advisors Inc. grew its stake 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 worth $181,000 after buying an additional 630 shares in the last quarter. Suntrust Banks Inc. grew its stake 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 worth $183,000 after buying an additional 1,770 shares in the last quarter. Finally, North Star Investment Management Corp. grew its stake 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 worth $194,000 after buying an additional 5,500 shares in the last quarter. 44.63% of the stock is owned by institutional investors.
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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