Barclays Cuts The Carlyle Group (NASDAQ:CG) Price Target to $55.00

The Carlyle Group (NASDAQ:CG) had its target price decreased by Barclays from $60.00 to $55.00 in a research note released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their price target on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. TD Cowen upped their target price on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. UBS Group increased their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer lifted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Up 0.7 %

Shares of NASDAQ:CG opened at $49.95 on Wednesday. The firm has a market cap of $17.87 billion, a P/E ratio of 172.24, a P/E/G ratio of 0.92 and a beta of 1.70. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50. The business has a fifty day simple moving average of $52.74 and a 200 day simple moving average of $48.26. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently added to or reduced their stakes in CG. ExodusPoint Capital Management LP raised its stake in shares of The Carlyle Group by 2.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 47,372 shares of the financial services provider’s stock worth $2,392,000 after purchasing an additional 1,062 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in The Carlyle Group by 40.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 15,988 shares of the financial services provider’s stock worth $807,000 after buying an additional 4,619 shares in the last quarter. Cinctive Capital Management LP raised its position in The Carlyle Group by 180.6% in the 4th quarter. Cinctive Capital Management LP now owns 191,405 shares of the financial services provider’s stock valued at $9,664,000 after buying an additional 123,184 shares during the last quarter. Intrepid Capital Management Inc. boosted its holdings in The Carlyle Group by 4.8% during the 4th quarter. Intrepid Capital Management Inc. now owns 15,735 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 717 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of The Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after purchasing an additional 4,244,131 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

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.