The Carlyle Group LP (CG) PT Set at $18.00 by Keefe, Bruyette & Woods
The Carlyle Group LP (NASDAQ:CG) received a $18.00 price objective from equities research analysts at Keefe, Bruyette & Woods in a research note issued on Friday. The brokerage presently has a a “hold” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 25.00% from the company’s current price.
Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Barclays PLC raised their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 9th. Citigroup Inc. raised their price target on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Deutsche Bank AG raised their price target on The Carlyle Group from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $20.00 price objective on shares of The Carlyle Group in a research note on Sunday, September 11th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.45.
Shares of The Carlyle Group (NASDAQ:CG) opened at 14.40 on Friday. The company’s market cap is $1.17 billion. The Carlyle Group has a 1-year low of $11.25 and a 1-year high of $20.65. The stock’s 50 day moving average price is $15.48 and its 200 day moving average price is $16.17.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The business had revenue of $488.10 million for the quarter, compared to analyst estimates of $501 million. During the same period last year, the company earned $0.55 EPS. The firm’s revenue was down 19.6% on a year-over-year basis. Equities research analysts forecast that The Carlyle Group will post $0.48 earnings per share for the current year.
In other news, CFO Curtis L. Buser sold 8,294 shares of the firm’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 transaction, the chief financial officer now owns 193,825 shares in the company, valued at approximately $3,126,397.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pamela L. Bentley sold 13,292 shares of the firm’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 transaction, the insider now owns 148,786 shares of the company’s stock, valued at approximately $2,399,918.18. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in CG. Hollencrest Securities LLC bought a new position in shares of The Carlyle Group during the third quarter valued at $191,000. Fox Run Management L.L.C. acquired a new position in The Carlyle Group during the third quarter worth approximately $174,000. North Star Investment Management Corp. boosted its position in 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. Perigon Wealth Management LLC acquired a new position in The Carlyle Group during the second quarter worth approximately $992,000. Finally, Stifel Financial Corp boosted its position in The Carlyle Group by 48.2% in the second quarter. Stifel Financial Corp now owns 48,760 shares of the company’s stock worth $791,000 after buying an additional 15,852 shares during the last quarter. Institutional investors own 43.22% of the company’s stock.
About The Carlyle Group
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.
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