Credit Suisse Group reissued their buy rating on shares of The Carlyle Group L.P. (NASDAQ:CG) in a report released on Friday. They currently have a $26.00 price target on the financial services provider’s stock.

A number of other brokerages have also commented on CG. Zacks Investment Research raised The Carlyle Group L.P. from a hold rating to a strong-buy rating and set a $22.00 price target on the stock in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. raised their price target on The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an outperform rating in a report on Friday, July 14th. Bank of America Corporation raised The Carlyle Group L.P. from a neutral rating to a buy rating in a report on Thursday, June 8th. TheStreet lowered The Carlyle Group L.P. from a c- rating to a d+ rating in a report on Thursday, September 7th. Finally, Morgan Stanley reissued an overweight rating and set a $21.00 price target (up from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $23.11.

Shares of The Carlyle Group L.P. (CG) traded up 3.16% during trading on Friday, reaching $24.45. 780,456 shares of the company’s stock traded hands. The Carlyle Group L.P. has a 1-year low of $14.35 and a 1-year high of $24.60. The company has a 50 day moving average of $21.40 and a 200-day moving average of $18.72. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 57.26 and a beta of 1.81.

The Carlyle Group L.P. (NASDAQ:CG) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.37. The company had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same period last year, the business posted $0.35 earnings per share. Equities analysts predict that The Carlyle Group L.P. will post $2.82 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/23/the-carlyle-group-l-p-cg-given-buy-rating-at-credit-suisse-group.html.

In related news, insider Pamela L. Bentley sold 17,760 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $377,400.00. Following the transaction, the insider now owns 143,942 shares of the company’s stock, valued at approximately $3,058,767.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward J. Mathias sold 6,593 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the completion of the transaction, the director now directly owns 34,114 shares in the company, valued at approximately $724,922.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,013 shares of company stock worth $1,317,776.

A number of institutional investors and hedge funds have recently modified their holdings of CG. Bronfman E.L. Rothschild L.P. increased its stake in The Carlyle Group L.P. by 2,205.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 4,875 shares in the last quarter. Penserra Capital Management LLC increased its stake 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 worth $103,000 after purchasing an additional 419 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in The Carlyle Group L.P. by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 144 shares in the last quarter. Pathstone Family Office LLC increased its stake in The Carlyle Group L.P. by 1,660.0% in the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Pinnacle Associates Ltd. purchased a new position in The Carlyle Group L.P. in the 1st quarter worth about $182,000. 40.65% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.