Wall Street Zen Upgrades Carlyle Group (NASDAQ:CG) to “Hold”

Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Royal Bank Of Canada cut their price objective on Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, October 5th. Barclays reduced their target price on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. TD Cowen decreased their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Finally, Morgan Stanley set a $51.00 price target on shares of Carlyle Group in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.60.

Carlyle Group Stock Up 0.5%

CG stock opened at $36.56 on Friday. The company has a market capitalization of $13.03 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 1.06 and a beta of 1.88. Carlyle Group has a 12 month low of $35.41 and a 12 month high of $67.30. The firm’s fifty day simple moving average is $43.25 and its 200-day simple moving average is $45.31. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm’s revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. As a group, equities research analysts forecast that Carlyle Group will post 3.58 earnings per share for the current year.

Insider Activity at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caz Investments LP purchased a new stake in Carlyle Group in the 2nd quarter valued at $4,464,000. Miller Value Partners LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter worth $1,684,000. United Capital Financial Advisors LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth $1,206,000. William Blair Investment Management LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth $249,077,000. Finally, Hsbc Holdings PLC boosted its position in shares of Carlyle Group by 33.5% during the 2nd quarter. Hsbc Holdings PLC now owns 283,206 shares of the financial services provider’s stock valued at $11,914,000 after acquiring an additional 71,039 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.