Canaccord Genuity reissued their average rating on shares of The Carlyle Group (NASDAQ:CG) in a research report released on Tuesday morning. The brokerage currently has a $9.50 target price on the financial services provider’s stock.
Several other equities research analysts have also issued reports on the company. Morgan Stanley lowered The Carlyle Group from an overweight rating to an equal weight rating and set a $23.00 price target for the company. in a research note on Wednesday, November 14th. BidaskClub cut The Carlyle Group from a sell rating to a strong sell rating in a report on Saturday, November 17th. ValuEngine lowered The Carlyle Group from a sell rating to a strong sell rating in a research note on Thursday, November 15th. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $27.00 to $28.00 and gave the company an overweight rating in a research report on Friday, November 2nd. Finally, Deutsche Bank dropped their price target on The Carlyle Group from $23.00 to $21.00 and set a hold rating for the company in a research report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $24.35.
CG opened at $17.17 on Tuesday. 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 52-week low of $15.09 and a 52-week high of $25.90. The firm has a market cap of $1.87 billion, a PE ratio of 4.95 and a beta of 1.56.
In other news, Director Janet Hill bought 5,000 shares of The Carlyle Group stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average cost of $20.19 per share, with a total value of $100,950.00. Following the completion of the transaction, the director now directly owns 41,680 shares in the company, valued at $841,519.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Palo Capital Inc. lifted its position in shares of The Carlyle Group by 11.4% during the 3rd quarter. Palo Capital Inc. now owns 11,200 shares of the financial services provider’s stock worth $253,000 after buying an additional 1,150 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of The Carlyle Group by 0.9% in the second quarter. Raymond James & Associates now owns 273,104 shares of the financial services provider’s stock valued at $5,817,000 after purchasing an additional 2,456 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in The Carlyle Group by 9.1% during the third quarter. Prospera Financial Services Inc now owns 31,226 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 2,615 shares during the period. LLBH Private Wealth Management LLC lifted its holdings in The Carlyle Group by 2.7% during the third quarter. LLBH Private Wealth Management LLC now owns 102,824 shares of the financial services provider’s stock worth $2,319,000 after acquiring an additional 2,658 shares during the period. Finally, E&G Advisors LP raised its stake in shares of The Carlyle Group by 14.8% in the third quarter. E&G Advisors LP now owns 30,990 shares of the financial services provider’s stock valued at $699,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 41.66% of the company’s stock.
About The Carlyle Group
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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