The Carlyle Group L.P. (NASDAQ:CG) had its target price boosted by investment analysts at Morgan Stanley from $25.00 to $27.00 in a note issued to investors on Thursday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 10.88% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday. Credit Suisse Group reiterated a “buy” rating and set a $26.00 price target on shares of The Carlyle Group L.P. in a report on Friday, September 22nd. ValuEngine upgraded shares of The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 15th. BidaskClub downgraded shares of The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $25.00 price target on shares of The Carlyle Group L.P. in a report on Wednesday, August 16th. Four 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 stock. The Carlyle Group L.P. presently has an average rating of “Buy” and a consensus target price of $23.89.

The Carlyle Group L.P. (CG) traded down 0.1524% during midday trading on Thursday, reaching $24.3129. The company had a trading volume of 169,546 shares. The firm has a 50-day moving average of $22.22 and a 200-day moving average of $19.32. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $24.70. The stock has a market cap of $2.21 billion, a P/E ratio of 56.9389 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The business had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. During the same period in the previous year, the business earned $0.35 earnings per share. On average, equities analysts expect that The Carlyle Group L.P. will post $2.82 EPS for the current fiscal year.

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In other The Carlyle Group L.P. news, insider Pamela L. Bentley sold 17,760 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $377,400.00. Following the sale, the insider now owns 143,942 shares of the company’s stock, valued at $3,058,767.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Curtis L. Buser sold 20,968 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were 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 in the company, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. Insiders sold 62,013 shares of company stock valued at $1,317,776 over the last 90 days.

A number of institutional investors and hedge funds have recently modified their holdings of CG. Bronfman E.L. Rothschild L.P. boosted its position in The Carlyle Group L.P. by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 4,875 shares during the last quarter. Penserra Capital Management LLC boosted its position in The Carlyle Group L.P. by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in The Carlyle Group L.P. by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 144 shares during the last quarter. Pathstone Family Office LLC boosted its position in The Carlyle Group L.P. by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 8,300 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in The Carlyle Group L.P. during the second quarter valued at $223,000. 40.65% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group L.P. Company Profile

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)

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