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

Other equities research analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of The Carlyle Group from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Oppenheimer reaffirmed a “buy” rating on shares of The Carlyle Group in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Credit Suisse Group reduced their price objective on shares of The Carlyle Group from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $24.89.

The Carlyle Group (CG) traded up $0.45 during trading hours on Thursday, hitting $24.70. 760,000 shares of the stock traded hands, compared to its average volume of 889,939. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $8,390.00, a P/E ratio of 13.57 and a beta of 1.79. The Carlyle Group has a one year low of $15.45 and a one year high of $24.95.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $639.90 million during the quarter, compared to the consensus estimate of $668.32 million. The Carlyle Group had a net margin of 5.43% and a return on equity of 43.32%. During the same period in the previous year, the firm posted $0.66 earnings per share. equities research analysts predict that The Carlyle Group will post 2.87 earnings per share for the current year.

In other news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $21.21, for a total transaction of $363,390.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several institutional investors have recently added to or reduced their stakes in CG. FMR LLC grew its position in shares of The Carlyle Group by 201.6% during the 2nd quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock valued at $37,559,000 after acquiring an additional 1,271,205 shares during the period. Goldman Sachs Group Inc. grew its position in shares of The Carlyle Group by 29.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock valued at $39,142,000 after acquiring an additional 448,150 shares during the period. Wells Fargo & Company MN grew its position in shares of The Carlyle Group by 101.4% during the 2nd quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock valued at $15,316,000 after acquiring an additional 390,337 shares during the period. JPMorgan Chase & Co. grew its position in shares of The Carlyle Group by 32.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 979,761 shares of the financial services provider’s stock valued at $19,351,000 after acquiring an additional 238,120 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of The Carlyle Group by 1,426.7% during the 2nd quarter. GSA Capital Partners LLP now owns 179,338 shares of the financial services provider’s stock valued at $3,542,000 after acquiring an additional 167,591 shares during the period. 38.01% of the stock is owned by hedge funds and other institutional investors.

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About The Carlyle Group

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 (NASDAQ:CG)

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