The Carlyle Group (NASDAQ:CG) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $23.00 target price on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 23.86% from the company’s current price.

Other equities analysts have also issued research reports about the company. Oppenheimer set a $35.00 price target on The Carlyle Group and gave the company a “buy” rating in a research note on Sunday, September 9th. Citigroup upped their price target on The Carlyle Group from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Deutsche Bank decreased their price target on The Carlyle Group from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, October 11th. Zacks Investment Research lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.20.

NASDAQ CG opened at $18.57 on Wednesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 5.35 and a beta of 1.65. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.35. The Carlyle Group has a fifty-two week low of $18.06 and a fifty-two week high of $25.90.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.24). The company had revenue of $679.10 million for the quarter, compared to analyst estimates of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.56 EPS. Equities analysts anticipate that The Carlyle Group will post 1.94 EPS for the current year.

In other news, Director Janet Hill acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $20.19 per share, for a total transaction of $100,950.00. Following the acquisition, the director now owns 41,680 shares of the company’s stock, valued at $841,519.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Several hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC purchased a new stake in shares of The Carlyle Group in the 3rd quarter valued at $258,000. Jane Street Group LLC purchased a new stake in shares of The Carlyle Group in the 3rd quarter valued at $7,795,000. Deutsche Bank AG raised its holdings in shares of The Carlyle Group by 20.7% in the 3rd quarter. Deutsche Bank AG now owns 1,830,175 shares of the financial services provider’s stock valued at $41,269,000 after buying an additional 314,019 shares during the period. LPL Financial LLC raised its holdings in shares of The Carlyle Group by 9.1% in the 3rd quarter. LPL Financial LLC now owns 66,845 shares of the financial services provider’s stock valued at $1,507,000 after buying an additional 5,566 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in shares of The Carlyle Group by 44.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 368,037 shares of the financial services provider’s stock valued at $8,300,000 after buying an additional 113,727 shares during the period. Hedge funds and other institutional investors own 38.15% of the company’s stock.

The Carlyle Group Company Profile

The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. 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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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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