Zacks Investment Research upgraded shares of The Carlyle Group L.P. (NASDAQ:CG) from a hold rating to a buy rating in a report released on Tuesday morning. Zacks Investment Research currently has $27.00 price target on the financial services provider’s stock.

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. “

Several other equities research analysts have also recently commented on the company. BidaskClub raised The Carlyle Group L.P. from a hold rating to a buy rating in a research note on Tuesday, September 26th. Morgan Stanley raised their price objective on shares of The Carlyle Group L.P. from $23.00 to $25.00 and gave the company an overweight rating in a research report on Tuesday, August 8th. Deutsche Bank AG lifted their target price on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a hold rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reiterated a buy rating and issued a $25.00 target price on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Finally, TheStreet raised shares of The Carlyle Group L.P. from a d rating to a c- rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $23.67.

The Carlyle Group L.P. (NASDAQ:CG) traded up 1.68% during trading on Tuesday, hitting $24.20. The stock had a trading volume of 549,696 shares. The company has a 50 day moving average of $22.13 and a 200-day moving average of $19.29. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $24.70. The company has a market cap of $2.20 billion, a P/E ratio of 56.67 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities analysts predict that The Carlyle Group L.P. will post $2.82 EPS for the current year.

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In other news, Director Edward J. Mathias sold 6,593 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the transaction, the director now directly owns 34,114 shares in the company, valued at $724,922.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Curtis L. Buser sold 20,968 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $445,570.00. Following the completion of the transaction, the chief financial officer now owns 354,610 shares in the company, valued at $7,535,462.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,013 shares of company stock valued at $1,317,776.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased 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 worth $101,000 after acquiring an additional 4,875 shares during the period. Penserra Capital Management LLC raised its stake in The Carlyle Group L.P. by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 419 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 144 shares during the last quarter. Pathstone Family Office LLC raised its stake in The Carlyle Group L.P. by 1,660.0% during the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in The Carlyle Group L.P. during the 2nd quarter valued at $223,000. 40.65% of the stock is 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)

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