The Carlyle Group (NASDAQ:CG) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday, May 9th.
CG has been the topic of a number of other research reports. Jefferies Group raised shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.45 to $27.00 in a report on Wednesday, February 14th. Credit Suisse Group raised their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Citigroup raised their target price on shares of The Carlyle Group from $28.50 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. TheStreet cut shares of The Carlyle Group from a “b” rating to a “c” rating in a report on Tuesday, May 1st. Finally, Morgan Stanley cut their target price on shares of The Carlyle Group from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The Carlyle Group presently has an average rating of “Buy” and a consensus target price of $28.40.
Shares of The Carlyle Group traded down $0.40, hitting $21.95, during trading hours on Wednesday, Marketbeat reports. 17,906 shares of the company were exchanged, compared to its average volume of 640,755. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.71 and a current ratio of 0.86. The Carlyle Group has a one year low of $21.75 and a one year high of $22.05. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 6.38 and a beta of 1.75.
In other The Carlyle Group news, CAO Pamela L. Bentley sold 9,396 shares of the firm’s stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $20.10, for a total value of $188,859.60. Following the sale, the chief accounting officer now owns 150,764 shares in the company, valued at $3,030,356.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC acquired a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $103,000. IFP Advisors Inc grew its position in The Carlyle Group by 305.7% in the first quarter. IFP Advisors Inc now owns 4,986 shares of the financial services provider’s stock worth $106,000 after buying an additional 3,757 shares during the last quarter. Synovus Financial Corp acquired a new position in The Carlyle Group in the first quarter worth approximately $129,000. AdvisorNet Financial Inc acquired a new position in The Carlyle Group in the first quarter worth approximately $173,000. Finally, Palo Capital Inc. acquired a new position in The Carlyle Group in the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 40.70% of the company’s stock.
About The Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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