The Carlyle Group L.P. (CG) Lowered to Neutral at Citigroup Inc.

Citigroup Inc. downgraded shares of The Carlyle Group L.P. (NASDAQ:CG) from a buy rating to a neutral rating in a research note published on Tuesday morning. The firm currently has $25.50 price objective on the financial services provider’s stock.

CG has been the topic of a number of other reports. Zacks Investment Research cut The Carlyle Group L.P. from a buy rating to a hold rating in a research note on Friday, October 6th. TheStreet cut The Carlyle Group L.P. from a c- rating to a d+ rating in a research note on Thursday, September 7th. Oppenheimer Holdings, Inc. raised their price objective on The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an outperform rating in a research note on Friday, July 14th. BidaskClub raised The Carlyle Group L.P. from a hold rating to a buy rating in a research note on Tuesday, September 26th. Finally, ValuEngine cut The Carlyle Group L.P. from a strong-buy rating to a buy rating in a research note on Thursday, September 7th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $23.89.

The Carlyle Group L.P. (CG) opened at 24.00 on Tuesday. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $24.85. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 56.21 and a beta of 1.84. The stock’s 50 day moving average is $22.58 and its 200 day moving average is $19.59.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. The business had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities analysts forecast that The Carlyle Group L.P. will post $2.84 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/10/11/the-carlyle-group-l-p-cg-lowered-to-neutral-at-citigroup-inc.html.

In other The Carlyle Group L.P. news, CFO Curtis L. Buser sold 20,968 shares of The Carlyle Group L.P. stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $445,570.00. Following the sale, the chief financial officer now directly owns 354,610 shares of the company’s stock, valued at approximately $7,535,462.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of The Carlyle Group L.P. stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $354,705.00. Following the sale, the general counsel now directly owns 161,956 shares in the company, valued at $3,441,565. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock worth $1,317,776 over the last three months.

A number of institutional investors have recently bought and sold shares of CG. Bank of New York Mellon Corp boosted its position in The Carlyle Group L.P. by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 32,001 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 15,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in The Carlyle Group L.P. in the 1st quarter worth approximately $499,000. Stifel Financial Corp grew its position in The Carlyle Group L.P. by 50.3% in the 1st quarter. Stifel Financial Corp now owns 68,259 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 22,830 shares during the period. California Public Employees Retirement System grew its position in The Carlyle Group L.P. by 6.2% in the 1st quarter. California Public Employees Retirement System now owns 97,300 shares of the financial services provider’s stock worth $1,552,000 after purchasing an additional 5,700 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in The Carlyle Group L.P. by 9.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 157,456 shares of the financial services provider’s stock worth $2,511,000 after purchasing an additional 14,000 shares during the period. 40.65% of the stock is currently owned by institutional investors and hedge funds.

About The Carlyle Group L.P.

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group L.P. (NASDAQ:CG)

Receive News & Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply