The Carlyle Group LP (CG) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on The Carlyle Group LP. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Barclays Resumed The Carlyle Group LP on Mar 4, 2016 to “Equal Weight”, Price Target of the shares are set at $17.The Carlyle Group LP was Upgraded by Morgan Stanley to ” Overweight” on Feb 17, 2016.
On the company’s financial health, The Carlyle Group LP reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.14. The company had revenue of $483.10 million for the quarter, compared to analysts expectations of $382.95 million. The company’s revenue was down -57.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
The Carlyle Group LP opened for trading at $16.05 and hit $17.97 on the upside on Wednesday, eventually ending the session at $17.68, with a gain of 0.86% or 0.15 points. The heightened volatility saw the trading volume jump to 13,26,494 shares. Company has a market cap of $5,879 M.
In a different news, on Feb 3, 2016, Curtis L. Buser (Chief Financial Officer) sold 2,470 shares at $13.38 per share price. According to the SEC, on Dec 3, 2015, Anthony Welters (director) purchased 25,000 shares at $17.77 per share price. On Aug 24, 2015, Glenn A. Youngkin (officer ) purchased 100,000 shares at $21.21 per share price, according to the Form-4 filing with the securities and exchange commission.
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company 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. The Company operates in four segments: Private Equity Global Market Strategies Real Assets and Investment Solutions. The Corporate Private Equity segment advises its buyout and growth capital funds. The Global Market Strategies segment advises a group of active funds. The Real Assets segment advises its 28 active carry funds focused on real estate infrastructure and energy and natural resources. The Investment Solutions segment provides investment opportunities and resources for its investors and clients.