Carlyle Group (NASDAQ:CG) Stock Rating Lowered by Wall Street Zen

Carlyle Group (NASDAQ:CG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other research firms also recently commented on CG. BMO Capital Markets began coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective on the stock. Barclays increased their price target on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. UBS Group assumed coverage on Carlyle Group in a report on Thursday, December 11th. They issued a “buy” rating and a $74.00 price objective for the company. TD Cowen reduced their price target on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and a consensus price target of $66.62.

Carlyle Group Price Performance

NASDAQ CG opened at $65.81 on Friday. The stock’s fifty day moving average price is $57.12 and its 200 day moving average price is $59.72. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 1.20 and a beta of 2.04.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same period in the prior year, the company earned $0.95 earnings per share. As a group, equities research analysts forecast that Carlyle Group will post 4.48 earnings per share for the current year.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. DAVENPORT & Co LLC increased its holdings in shares of Carlyle Group by 12.6% in the fourth quarter. DAVENPORT & Co LLC now owns 15,235 shares of the financial services provider’s stock valued at $901,000 after purchasing an additional 1,710 shares during the last quarter. Avanza Fonder AB increased its stake in shares of Carlyle Group by 71.1% in the 4th quarter. Avanza Fonder AB now owns 26,357 shares of the financial services provider’s stock worth $1,558,000 after acquiring an additional 10,950 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Carlyle Group by 43.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 61,998 shares of the financial services provider’s stock worth $3,665,000 after acquiring an additional 18,669 shares during the period. Diversified Trust Co. boosted its position in shares of Carlyle Group by 2.0% during the 4th quarter. Diversified Trust Co. now owns 42,466 shares of the financial services provider’s stock valued at $2,510,000 after acquiring an additional 840 shares during the last quarter. Finally, Everhart Financial Group Inc. grew its holdings in shares of Carlyle Group by 42.8% in the fourth quarter. Everhart Financial Group Inc. now owns 13,051 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 3,910 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Company Profile

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.