The Carlyle Group L.P. (NASDAQ:CG) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, June 1st. Bank of America Corporation upgraded shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. Credit Suisse Group reiterated a “buy” rating and issued a $23.00 price target on shares of The Carlyle Group L.P. in a research note on Thursday, June 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price target on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Finally, ValuEngine downgraded shares of The Carlyle Group L.P. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.11.

Shares of The Carlyle Group L.P. (NASDAQ CG) opened at 23.55 on Tuesday. The stock has a 50 day moving average of $21.40 and a 200 day moving average of $18.72. The stock has a market cap of $2.14 billion, a PE ratio of 55.15 and a beta of 1.81. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $24.60.

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The firm had revenue of $908.40 million during the quarter, compared to analysts’ expectations of $696.36 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, equities analysts anticipate that The Carlyle Group L.P. will post $2.82 earnings per share for the current fiscal year.

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In other news, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the completion of the sale, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $354,705.00. Following the sale, the general counsel now owns 161,956 shares of the company’s stock, valued at approximately $3,441,565. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock valued at $1,317,776 in the last 90 days.

Several large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares during the last quarter. Penserra Capital Management LLC raised its position in The Carlyle Group L.P. by 8.7% in the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 419 shares during the last quarter. Whittier Trust Co. raised its position in The Carlyle Group L.P. by 3.0% in the 2nd quarter. Whittier Trust Co. now owns 42,601 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 1,234 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in The Carlyle Group L.P. by 1.1% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 143,795 shares of the financial services provider’s stock valued at $2,840,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Creative Planning raised its position in The Carlyle Group L.P. by 5.9% in the 2nd quarter. Creative Planning now owns 34,958 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 40.65% of the company’s stock.

The Carlyle Group L.P. Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

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