A number of other research analysts also recently weighed in on the stock. Bank of America downgraded shares of The Carlyle Group from a neutral rating to an underperform rating and decreased their target price for the company from $24.00 to $17.00 in a research report on Monday, March 23rd. CIBC raised shares of The Carlyle Group to an outperformer rating and raised their target price for the company from $14.00 to $17.00 in a research report on Monday, June 8th. Deutsche Bank raised their target price on shares of The Carlyle Group from $23.00 to $24.00 and gave the company a hold rating in a research report on Friday, May 15th. Cfra decreased their price objective on shares of The Carlyle Group from $29.00 to $25.00 and set a hold rating for the company in a research report on Friday, May 1st. Finally, Oppenheimer assumed coverage on shares of The Carlyle Group in a research report on Wednesday, June 17th. They issued a buy rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $27.13.
Shares of NASDAQ:CG opened at $27.90 on Tuesday. The Carlyle Group has a 12 month low of $15.21 and a 12 month high of $34.98. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 3.22. The company’s fifty day simple moving average is $27.80 and its 200 day simple moving average is $27.73. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of -465.00 and a beta of 1.67.
In other The Carlyle Group news, major shareholder Carlyle Group Management L.L.C sold 2,000,000 shares of The Carlyle Group stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $124.56, for a total value of $249,120,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Large investors have recently modified their holdings of the company. Ameritas Investment Company LLC acquired a new position in shares of The Carlyle Group in the 1st quarter valued at approximately $32,000. Cordasco Financial Network bought a new stake in shares of The Carlyle Group during the 1st quarter valued at approximately $50,000. BDO Wealth Advisors LLC bought a new stake in shares of The Carlyle Group during the 1st quarter valued at approximately $55,000. Highlander Capital Management LLC grew its holdings in shares of The Carlyle Group by 21.7% during the 1st quarter. Highlander Capital Management LLC now owns 2,800 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 500 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of The Carlyle Group by 37.6% during the 1st quarter. Sandy Spring Bank now owns 3,660 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 23.59% 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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