The Carlyle Group LP (NASDAQ:CG)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a research report issued on Thursday.

Several other research firms have also issued reports on CG. Zacks Investment Research upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Barclays PLC increased their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 9th. Citigroup Inc. increased their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Deutsche Bank AG increased their target price on The Carlyle Group from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $20.00 target price on shares of The Carlyle Group in a research note on Sunday, September 11th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.86.

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

Shares of The Carlyle Group (NASDAQ:CG) opened at 15.05 on Thursday. The firm’s market capitalization is $1.22 billion. The firm’s 50-day moving average price is $15.60 and its 200-day moving average price is $16.22. The Carlyle Group has a 12 month low of $11.25 and a 12 month high of $20.65.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company earned $488.10 million during the quarter, compared to analysts’ expectations of $501 million. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The Carlyle Group’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, equities analysts anticipate that The Carlyle Group will post $0.48 earnings per share for the current year.

In related news, CFO Curtis L. Buser sold 8,294 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total value of $133,782.22. Following the completion of the sale, the chief financial officer now directly owns 193,825 shares of the company’s stock, valued at approximately $3,126,397.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pamela L. Bentley sold 13,292 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total value of $214,399.96. Following the completion of the sale, the insider now directly owns 148,786 shares of the company’s stock, valued at $2,399,918.18. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of CG. HighTower Advisors LLC purchased a new stake in shares of The Carlyle Group during the second quarter worth approximately $168,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock worth $177,000 after buying an additional 38 shares during the last quarter. Palo Capital Inc. purchased a new stake in shares of The Carlyle Group during the second quarter worth approximately $180,000. Fox Run Management L.L.C. purchased a new stake in shares of The Carlyle Group during the third quarter worth approximately $174,000. Finally, North Star Investment Management Corp. raised its stake in shares of The Carlyle Group by 9.9% in the third quarter. North Star Investment Management Corp. now owns 12,200 shares of the company’s stock worth $190,000 after buying an additional 1,100 shares during the last quarter. 43.24% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.

5 Day Chart for NASDAQ:CG

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