Carlyle Group (NASDAQ:CG) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
Several other research firms have also issued reports on CG. Morgan Stanley decreased their price target on shares of Carlyle Group from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, April 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 price target on shares of Carlyle Group in a research report on Thursday, April 12th. Jefferies Group upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $23.45 to $27.00 in a research report on Wednesday, February 14th. Deutsche Bank decreased their price target on shares of Carlyle Group from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, April 6th. Finally, Bank of America lifted their price target on shares of Carlyle Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Carlyle Group has a consensus rating of “Buy” and a consensus price target of $27.95.
NASDAQ CG opened at $20.20 on Tuesday. Carlyle Group has a 12 month low of $15.73 and a 12 month high of $25.90. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 2.29. The company has a market cap of $2,029.56, a P/E ratio of 5.82 and a beta of 1.76.
Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.41. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $773.13 million. Carlyle Group had a net margin of 6.64% and a return on equity of 54.20%. During the same quarter in the previous year, the business posted $0.02 earnings per share. sell-side analysts predict that Carlyle Group will post 2.21 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG grew its position in Carlyle Group by 41.5% during the 4th quarter. Deutsche Bank AG now owns 2,106,437 shares of the financial services provider’s stock worth $48,237,000 after purchasing an additional 617,512 shares in the last quarter. Renaissance Technologies LLC grew its position in Carlyle Group by 34.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,576,775 shares of the financial services provider’s stock worth $36,108,000 after purchasing an additional 402,475 shares in the last quarter. Wells Fargo & Company MN grew its position in Carlyle Group by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 896,263 shares of the financial services provider’s stock worth $20,524,000 after purchasing an additional 22,851 shares in the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Carlyle Group during the 4th quarter valued at $17,318,000. Finally, Philadelphia Financial Management of San Francisco LLC boosted its stake in shares of Carlyle Group by 22.8% during the 4th quarter. Philadelphia Financial Management of San Francisco LLC now owns 725,986 shares of the financial services provider’s stock valued at $16,625,000 after buying an additional 134,721 shares during the period. Hedge funds and other institutional investors own 40.45% of the company’s stock.
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Carlyle Group Company Profile
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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