The Carlyle Group (NASDAQ:CG) Price Target Raised to $49.00

The Carlyle Group (NASDAQ:CG) had its target price boosted by stock analysts at TD Cowen from $43.00 to $49.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target points to a potential downside of 4.84% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays increased their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Wells Fargo & Company upped their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.40.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded down $0.86 during midday trading on Friday, hitting $51.49. The company’s stock had a trading volume of 1,170,893 shares, compared to its average volume of 2,322,402. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group has a one year low of $29.29 and a one year high of $54.52. The firm has a market capitalization of $18.35 billion, a price-to-earnings ratio of -46.12, a P/E/G ratio of 1.25 and a beta of 1.70. The stock has a fifty day moving average price of $45.37 and a 200 day moving average price of $43.41.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period last year, the firm posted $0.87 earnings per share. The Carlyle Group’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts forecast that The Carlyle Group will post 3.71 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,676,014 shares of company stock valued at $3,687,196 in the last ninety days. 27.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. Capital International Investors purchased a new position in The Carlyle Group during the first quarter valued at approximately $142,511,000. Boston Partners bought a new position in shares of The Carlyle Group in the first quarter worth about $109,122,000. Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after purchasing an additional 1,705,982 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of The Carlyle Group during the second quarter valued at approximately $37,009,000. Finally, William Blair Investment Management LLC boosted its position in shares of The Carlyle Group by 6.5% during the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after acquiring an additional 721,608 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Company Profile

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.