Research Analysts’ Recent Ratings Changes for The Carlyle Group (CG)

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The Carlyle Group (NASDAQ: CG) has recently received a number of price target changes and ratings updates:

  • 11/4/2019 – The Carlyle Group had its price target raised by analysts at UBS Group AG from $30.00 to $32.00. They now have a “buy” rating on the stock.
  • 11/1/2019 – The Carlyle Group was given a new $28.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/1/2019 – The Carlyle Group was given a new $27.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 11/1/2019 – The Carlyle Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “
  • 11/1/2019 – The Carlyle Group was given a new $35.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 10/31/2019 – The Carlyle Group had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $14.50 price target on the stock.
  • 10/31/2019 – The Carlyle Group was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating. They now have a $12.25 price target on the stock, down previously from $13.75.
  • 10/31/2019 – The Carlyle Group had its price target lowered by analysts at TD Securities from $14.50 to $14.00. They now have a “hold” rating on the stock.
  • 10/31/2019 – The Carlyle Group was upgraded by analysts at Canaccord Genuity to a “buy” rating.
  • 10/31/2019 – The Carlyle Group had its price target lowered by analysts at CSFB from $14.50 to $13.00.
  • 10/21/2019 – The Carlyle Group had its price target raised by analysts at National Bank Financial from $14.50 to $15.00. They now have an “outperform” rating on the stock.
  • 10/18/2019 – The Carlyle Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/14/2019 – The Carlyle Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “
  • 10/8/2019 – The Carlyle Group was given a new $33.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 10/7/2019 – The Carlyle Group is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $23.00 price target on the stock.
  • 10/2/2019 – The Carlyle Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/23/2019 – The Carlyle Group had its price target raised by analysts at Bank of America Corp from $25.00 to $29.00. They now have a “neutral” rating on the stock.
  • 9/18/2019 – The Carlyle Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of NASDAQ:CG opened at $27.90 on Thursday. The business’s 50 day simple moving average is $26.59 and its two-hundred day simple moving average is $23.54. The firm has a market cap of $3.21 billion, a P/E ratio of 10.61 and a beta of 1.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.90 and a current ratio of 2.90. The Carlyle Group LP has a 52-week low of $15.09 and a 52-week high of $28.20.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $527.80 million for the quarter, compared to analyst estimates of $514.55 million. The Carlyle Group had a return on equity of 4.48% and a net margin of 16.19%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, equities analysts forecast that The Carlyle Group LP will post 1.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.44%. The Carlyle Group’s dividend payout ratio is presently 47.15%.

In other news, CAO Pamela L. Bentley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $26.69, for a total value of $533,800.00. Following the transaction, the chief accounting officer now owns 113,660 shares in the company, valued at $3,033,585.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have recently bought and sold shares of CG. CWM LLC purchased a new position in shares of The Carlyle Group in the second quarter valued at $30,000. Arlington Partners LLC purchased a new position in shares of The Carlyle Group in the second quarter valued at $41,000. SRS Capital Advisors Inc. purchased a new position in shares of The Carlyle Group in the second quarter valued at $69,000. Winslow Evans & Crocker Inc. grew its position in shares of The Carlyle Group by 19.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 576 shares in the last quarter. Finally, Sandy Spring Bank grew its position in shares of The Carlyle Group by 215.5% in the third quarter. Sandy Spring Bank now owns 3,660 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 42.81% of the company’s stock.

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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