The Carlyle Group (CG) Downgraded by BidaskClub to “Strong Sell”

The Carlyle Group (NASDAQ:CG) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

A number of other research firms also recently issued reports on CG. Oppenheimer set a $35.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a report on Wednesday, August 1st. ValuEngine downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Morgan Stanley decreased their price objective on The Carlyle Group from $31.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Zacks Investment Research upgraded The Carlyle Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, July 3rd. Finally, Citigroup increased their price objective on The Carlyle Group from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The Carlyle Group presently has a consensus rating of “Buy” and a consensus price target of $28.80.

Shares of The Carlyle Group stock opened at $21.75 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.71 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.30 billion, a P/E ratio of 6.27 and a beta of 1.79. The Carlyle Group has a 52 week low of $19.50 and a 52 week high of $25.90.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, August 1st. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The company had revenue of $840.00 million during the quarter, compared to the consensus estimate of $713.35 million. The Carlyle Group had a return on equity of 31.20% and a net margin of 6.37%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. On average, equities analysts predict that The Carlyle Group will post 2.43 earnings per share for the current fiscal year.

In other news, insider Pamela L. Bentley sold 14,179 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $24.30, for a total value of $344,549.70. Following the sale, the insider now directly owns 136,585 shares of the company’s stock, valued at $3,319,015.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Management L.L.C sold 2,250,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $111.91, for a total value of $251,797,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,329,197 shares of company stock valued at $253,721,987.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in shares of The Carlyle Group by 0.9% during the second quarter. Raymond James & Associates now owns 273,104 shares of the financial services provider’s stock valued at $5,817,000 after buying an additional 2,456 shares during the last quarter. SOL Capital Management CO boosted its position in shares of The Carlyle Group by 2.0% during the second quarter. SOL Capital Management CO now owns 164,500 shares of the financial services provider’s stock valued at $3,504,000 after buying an additional 3,200 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its position in shares of The Carlyle Group by 5.5% during the second quarter. Mckinley Capital Management LLC Delaware now owns 80,273 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 4,181 shares during the last quarter. LPL Financial LLC boosted its position in shares of The Carlyle Group by 7.2% during the first quarter. LPL Financial LLC now owns 66,609 shares of the financial services provider’s stock valued at $1,422,000 after buying an additional 4,492 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of The Carlyle Group by 43.0% during the second quarter. BNP Paribas Arbitrage SA now owns 15,950 shares of the financial services provider’s stock valued at $340,000 after buying an additional 4,799 shares during the last quarter. 40.48% of the stock is currently owned by hedge funds and other institutional investors.

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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