The Carlyle Group (NASDAQ:CG) PT Raised to $48.00

The Carlyle Group (NASDAQ:CG) had its price target raised by stock analysts at Wells Fargo & Company from $42.00 to $48.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 2.26% from the company’s current price.

Several other research analysts have also issued reports on CG. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. TD Cowen upped their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Oppenheimer cut their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Finally, Barclays boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $48.33.

The Carlyle Group Trading Up 0.7 %

Shares of CG stock opened at $46.94 on Wednesday. The company’s fifty day simple moving average is $41.38 and its two-hundred day simple moving average is $42.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $50.92. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of -26.22, a PEG ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current year.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 93,187 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $31.70, for a total value of $2,954,027.90. Following the completion of the transaction, the insider now owns 10,894,562 shares in the company, valued at $345,357,615.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,504,788 shares of company stock worth $52,772,622 over the last 90 days. 27.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CG. Tobam bought a new position in The Carlyle Group during the 2nd quarter valued at approximately $27,000. Blue Trust Inc. increased its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. GAMMA Investing LLC increased its position in The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after buying an additional 215 shares in the last quarter. 1832 Asset Management L.P. bought a new position in The Carlyle Group during the 1st quarter valued at approximately $55,000. Finally, Compass Wealth Management LLC bought a new position in The Carlyle Group during the 1st quarter valued at approximately $57,000. Hedge funds and other institutional investors 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.