The Carlyle Group (NASDAQ:CG) Receives a Downgrade
In analysts note issued on Tuesday morning, Citigroup has cut shares of The Carlyle Group (NASDAQ:CG) stock to a “Neutral” and has published a one year price target equal to $17.25. CG’s last stock rating by Citigroup was a “Buy”.
From a total of 13 analysts covering Carlyle (NASDAQ:CG) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $33 while the lowest target price is $17.25. The mean of all analyst targets is $22.87 with a 64.33% above today’s ($15.67) stock price. Carlyle was the topic of 16 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Jefferies initiated shares on December 10 with “Hold” rating. Goldman Sachs initiated CG stock in a recent report from August 11 with “Neutral” rating.
Approximately 487,891 shares of stock traded hands. The Carlyle Group LP (NASDAQ:CG) has declined 49.09% since May 12, 2015 and is downtrending. It has underperformed by 45.42% the S&P500.
The overall sentiment of institutions has decreased to 1.28 in Q2 2015. Its down 0.10, from 1.38 in 2015Q2. The ratio turned negative, as 33 institutions have sold all the shares of The Carlyle Group LP that they owned while 24 funds have taken shares off the table. 19 funds have purchased shares for the first time while 54 added to their positions. These institutions now hold 42.63 million shares or 8.05% more than the 39.45 million shares they owned in 2015Q2.
The Fund Shanda Payment Holdings Ltd. currently is holding shares equating to 10.14% of its total portfolio in The Carlyle Group LP representing a total of 692,649 shares. Another fund,Hawkins Capital L.P., is holding a total of 805,733 shares equating to 6.34% of their holdings. Additionally, Gator Capital Management Llc has a 72,539 share stake in The Carlyle Group LP which represents 2% of their total portfolio. The Fund, American Financial Group Inc, based out of Ohio, has also built up a stake in the stock, which represents a total of 1.62% of their total portfolio. Finally Sol Capital Management Co, a fund which is based in the state of Maryland reported a total holdings of 155,120 shares.
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The company has a market cap of $4.99 billion. The Firm advises on an array of 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. It has 179.62 P/E ratio. The Firm operates in four divisions: Private Equity, Global Market Strategies, Real Assets and Investment Solutions.
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.”