The Carlyle Group (NASDAQ:CG) Rating Increased to Outperform at BMO Capital Markets

The Carlyle Group (NASDAQ:CG) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The brokerage currently has a $65.00 price target on the financial services provider’s stock, up from their previous price target of $59.00. BMO Capital Markets’ price objective would suggest a potential upside of 32.33% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley increased their price objective on shares of The Carlyle Group from $44.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 20th. Deutsche Bank Aktiengesellschaft upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their target price for the company from $53.00 to $58.00 in a research note on Wednesday, August 11th. Zacks Investment Research upgraded shares of The Carlyle Group from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Tuesday, August 3rd. CIBC upgraded shares of The Carlyle Group to a “neutral” rating in a research note on Wednesday, August 11th. Finally, Citigroup raised their target price on shares of The Carlyle Group from $51.50 to $54.50 and gave the company a “buy” rating in a research note on Monday, July 12th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Buy” and a consensus price target of $42.50.

Shares of NASDAQ CG opened at $49.12 on Monday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 1.67. The Carlyle Group has a 12-month low of $23.48 and a 12-month high of $51.55. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 6.80 and a beta of 1.38. The firm’s 50-day moving average price is $47.93 and its 200-day moving average price is $43.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Thursday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.27. The Carlyle Group had a net margin of 38.32% and a return on equity of 26.95%. On average, equities analysts predict that The Carlyle Group will post 3.21 EPS for the current fiscal year.

In other news, major shareholder Carlyle Group Management L.L.C sold 70,193 shares of The Carlyle Group stock in a transaction dated Wednesday, June 30th. The shares were sold at an average price of $52.44, for a total value of $3,680,920.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bruce M. Larson sold 860 shares of The Carlyle Group stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $48.80, for a total transaction of $41,968.00. The disclosure for this sale can be found here. Insiders sold 11,133,101 shares of company stock valued at $543,529,613 in the last ninety days. 36.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CG. Zions Bancorporation N.A. purchased a new position in The Carlyle Group during the first quarter worth about $33,000. Canada Pension Plan Investment Board purchased a new stake in shares of The Carlyle Group in the 2nd quarter valued at approximately $44,000. Fifth Third Bancorp raised its stake in shares of The Carlyle Group by 28.6% in the 1st quarter. Fifth Third Bancorp now owns 2,244 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 499 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of The Carlyle Group by 297.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 2,315 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 1,732 shares during the period. Finally, Wagner Wealth Management LLC purchased a new stake in The Carlyle Group during the 1st quarter worth approximately $106,000. Hedge funds and other institutional investors own 39.48% of the company’s stock.

About The Carlyle Group

The Carlyle Group, Inc engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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