The stock of The Carlyle Group LP (NASDAQ:CG) is a huge mover today! The stock decreased 1.90% or $0.3 during the last trading session, hitting $15.5. The Carlyle Group LP (NASDAQ:CG) has declined 6.99% since April 5, 2016 and is downtrending. It has underperformed by 8.95% the S&P500.
The move comes after 9 months positive chart setup for the $5.00 billion company. It was reported on Nov, 8 by Barchart.com. We have $19.84 PT which if reached, will make NASDAQ:CG worth $1.40B more.
The Carlyle Group LP (NASDAQ:CG) Ratings Coverage
Out of 11 analysts covering Carlyle (NASDAQ:CG), 1 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 9% are positive. Carlyle has been the topic of 36 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of The Carlyle Group LP (NASDAQ:CG) has “Neutral” rating given on Monday, January 4 by Credit Suisse. The firm has “Buy” rating given on Wednesday, September 9 by Deutsche Bank. Jefferies initiated The Carlyle Group LP (NASDAQ:CG) rating on Thursday, December 10. Jefferies has “Hold” rating and $18 price target. The stock has “Equal-Weight” rating given by Barclays Capital on Tuesday, August 9. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Hold”. Barclays Capital maintained The Carlyle Group LP (NASDAQ:CG) rating on Thursday, July 30. Barclays Capital has “Equal Weight” rating and $30 price target. Goldman Sachs initiated the stock with “Neutral” rating in Tuesday, August 11 report. The stock of The Carlyle Group LP (NASDAQ:CG) has “Market Perform” rating given on Friday, October 14 by Wood. The rating was maintained by UBS with “Buy” on Thursday, July 30. The stock has “Buy” rating given by UBS on Wednesday, October 7.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.54, from 0.8 in 2016Q1. The ratio increased, as 10 funds sold all The Carlyle Group LP shares owned while 25 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 31.78 million shares or 4.27% less from 33.20 million shares in 2016Q1.
Wilbanks Smith & Thomas Asset Mgmt Limited Liability Com has invested 0.17% of its portfolio in The Carlyle Group LP (NASDAQ:CG). Beck Mack Oliver Limited Co owns 10,050 shares or 0.01% of their US portfolio. M&T Bank & Trust Corp accumulated 0% or 24,775 shares. Ing Groep Nv has 172,000 shares for 0.04% of their US portfolio. Invesco, a Georgia-based fund reported 319,685 shares. Moreover, Neuberger Berman Gru Lc has 0% invested in The Carlyle Group LP (NASDAQ:CG) for 15,075 shares. Moreover, Prns Grp Ag has 2.03% invested in The Carlyle Group LP (NASDAQ:CG) for 480,000 shares. Pinebridge Ltd Partnership owns 35,557 shares or 0.03% of their US portfolio. Goldman Sachs Incorporated has invested 0.01% of its portfolio in The Carlyle Group LP (NASDAQ:CG). Kcm Invest Ltd Liability Co holds 0.03% of its portfolio in The Carlyle Group LP (NASDAQ:CG) for 29,500 shares. Moreover, Airain has 0.03% invested in The Carlyle Group LP (NASDAQ:CG) for 26,754 shares. Ladenburg Thalmann Fincl Ser Inc has 7,905 shares for 0% of their US portfolio. Ameriprise has invested 0% of its portfolio in The Carlyle Group LP (NASDAQ:CG). Jpmorgan Chase & Co last reported 358,943 shares in the company. Okumus Fund Mngmt last reported 4.99M shares in the company.
Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 3 insider sales for $517,515 net activity. 13,292 The Carlyle Group LP (NASDAQ:CG) shares with value of $214,400 were sold by Bentley Pamela L. Ferguson Jeffrey W. sold $169,333 worth of stock. Shares for $133,782 were sold by Buser Curtis L. on Tuesday, August 2.
More news for The Carlyle Group LP (NASDAQ:CG) were recently published by: Nasdaq.com, which released: “The Carlyle Group L.P. (CG) Ex-Dividend Date Scheduled for November 04, 2016” on November 03, 2016. Bizjournals.com‘s article titled: “Carlyle Group aims to raise $100 billion in next four years” and published on October 27, 2016 is yet another important article.
CG Company Profile
The Carlyle Group L.P., incorporated on July 18, 2011, is a diversified multi-product global alternative asset management firm. The Firm advises on various 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. The Firm operates in four divisions: Corporate Private Equity (CPE), Global Market Strategies (GMS), Real Assets and Investment Solutions. Across its Corporate Private Equity and Real Assets divisions, it has investments in over 250 active portfolio companies.
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