The Carlyle Group (NASDAQ:CG) Downgraded to “Sell” Rating by StockNews.com

The Carlyle Group (NASDAQ:CG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

CG has been the topic of several other reports. Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. UBS Group raised their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Wells Fargo & Company lifted their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average target price of $53.47.

The Carlyle Group Trading Down 0.2 %

Shares of NASDAQ:CG opened at $52.74 on Friday. The company has a 50-day simple moving average of $50.52 and a 200 day simple moving average of $44.79. The company has a market capitalization of $18.86 billion, a P/E ratio of 181.86, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a 52-week low of $36.64 and a 52-week high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts forecast that The Carlyle Group will post 3.77 earnings per share for the current year.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock worth $29,222,475 over the last three months. Corporate insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of CG. FMR LLC raised its stake in shares of The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 17,468.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after buying an additional 1,705,982 shares during the period. Marshall Wace LLP acquired a new stake in shares of The Carlyle Group in the second quarter valued at about $37,009,000. National Bank of Canada FI lifted its stake in shares of The Carlyle Group by 89.3% in the second quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 360,729 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in The Carlyle Group by 182.1% in the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after acquiring an additional 250,021 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc 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.