The Carlyle Group (NASDAQ:CG) Downgraded to Market Perform Rating by Oppenheimer

The Carlyle Group (NASDAQ:CG - Get Free Report) was downgraded by equities research analysts at Oppenheimer from an "outperform" rating to a "market perform" rating in a report issued on Wednesday, MarketBeat.com reports.

Several other brokerages have also issued reports on CG. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price target on The Carlyle Group from $56.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Evercore ISI boosted their price target on The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research note on Wednesday, February 12th. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, The Carlyle Group has an average rating of "Hold" and a consensus price target of $54.53.

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The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.32 during trading hours on Wednesday, hitting $44.13. 3,643,744 shares of the company's stock were exchanged, compared to its average volume of 2,310,682. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.98 and a beta of 1.73. The company's 50-day moving average price is $50.05 and its 200-day moving average price is $49.31.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. On average, sell-side analysts expect that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC lifted its stake in shares of The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $17,671,000. Charles Schwab Investment Management Inc. lifted its stake in shares of The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after purchasing an additional 14,024 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of The Carlyle Group by 26.9% in the 4th quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 514 shares during the period. 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.