According to Zacks, “The Carlyle Group is a global alternative asset manager. The Company invests across four segments: Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Its Corporate Private Equity segment advises the Company’s buyout and growth capital funds. The Real Assets segment advises the Company’s United States and internationally-focused real estate and infrastructure funds, energy and renewable resources funds. Its Global Market Strategies segment advises a group of funds that pursue investment opportunities across various types of credit, equities and alternative instruments and currencies, commodities and interest rate products and their derivatives. Its Fund of Funds Solutions segment advises a global private equity fund of funds program and related co-investment and secondary activities. The Carlyle Group is based in Washington, District of Columbia. “
Other equities analysts also recently issued research reports about the stock. Citigroup Inc. raised shares of The Carlyle Group L.P. from a neutral rating to a buy rating in a report on Tuesday, December 20th. Credit Suisse Group reissued a buy rating and set a $10.25 price target on shares of The Carlyle Group L.P. in a report on Thursday, November 17th. Barclays PLC reduced their price target on shares of The Carlyle Group L.P. from $18.00 to $17.00 and set an equal weight rating for the company in a report on Thursday, October 13th. Keefe, Bruyette & Woods set a $18.00 price target on shares of The Carlyle Group L.P. and gave the company a hold rating in a report on Friday, October 14th. Finally, Jefferies Group reissued a hold rating on shares of The Carlyle Group L.P. in a report on Thursday, October 13th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The Carlyle Group L.P. currently has a consensus rating of Hold and an average target price of $17.35.
Shares of The Carlyle Group L.P. (NASDAQ:CG) traded up 0.60% during trading on Tuesday, hitting $16.75. 694,805 shares of the stock were exchanged. The Carlyle Group L.P. has a 12-month low of $11.25 and a 12-month high of $17.97. The stock has a 50-day moving average of $15.65 and a 200 day moving average of $15.81. The stock has a market cap of $1.42 billion, a P/E ratio of 299.11 and a beta of 1.91.
The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.12. The business earned $607.30 million during the quarter, compared to analyst estimates of $506.18 million. The Carlyle Group L.P. had a return on equity of 9.41% and a net margin of 0.51%. The business’s revenue for the quarter was up 104.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) EPS. Equities analysts predict that The Carlyle Group L.P. will post $1.15 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in The Carlyle Group L.P. by 2.9% in the third quarter. Wells Fargo & Company MN now owns 331,279 shares of the company’s stock valued at $5,158,000 after buying an additional 9,326 shares during the period. Artemis Investment Management LLP boosted its position in The Carlyle Group L.P. by 140.8% in the second quarter. Artemis Investment Management LLP now owns 2,903,484 shares of the company’s stock valued at $47,138,000 after buying an additional 1,697,847 shares during the period. JPMorgan Chase & Co. boosted its position in The Carlyle Group L.P. by 82.6% in the third quarter. JPMorgan Chase & Co. now owns 655,376 shares of the company’s stock valued at $10,204,000 after buying an additional 296,433 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in The Carlyle Group L.P. by 134.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,002,981 shares of the company’s stock valued at $15,616,000 after buying an additional 575,961 shares during the period. Finally, North Star Investment Management Corp. boosted its position in The Carlyle Group L.P. by 9.9% in the third quarter. North Star Investment Management Corp. now owns 12,200 shares of the company’s stock valued at $190,000 after buying an additional 1,100 shares during the period. 39.69% of the stock is currently owned by institutional investors.
About The Carlyle Group L.P.
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.
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