Carlyle Group (NASDAQ:CG) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Carlyle Group (NASDAQ:CG) to a hold rating in a research note released on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on CG. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research note on Friday, May 8th. Barclays reduced their price target on Carlyle Group from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. The Goldman Sachs Group cut their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group has an average rating of “Hold” and an average target price of $60.07.

Carlyle Group Stock Down 1.2%

NASDAQ CG opened at $44.08 on Monday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group has a 52 week low of $39.60 and a 52 week high of $69.85. The firm has a market capitalization of $15.87 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.53 and a beta of 1.84. The company has a fifty day moving average of $44.56 and a two-hundred day moving average of $50.31.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.Carlyle Group’s revenue was down 28.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. On average, analysts predict that Carlyle Group will post 3.78 earnings per share for the current year.

Hedge Funds Weigh In On Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. AQR Capital Management LLC lifted its holdings in shares of Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after buying an additional 332,533 shares during the last quarter. Empowered Funds LLC raised its stake in Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth boosted its holdings in Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.