The Goldman Sachs Group Trims The Carlyle Group (NASDAQ:CG) Target Price to $48.00

The Carlyle Group (NASDAQ:CG) had its target price cut by analysts at The Goldman Sachs Group from $54.00 to $48.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 18.58% from the company’s current price.

Several other analysts have also weighed in on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday. TD Cowen began coverage on shares of The Carlyle Group in a report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. JMP Securities raised their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. Finally, TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.63.

The Carlyle Group Trading Down 1.2 %

Shares of The Carlyle Group stock traded down $0.49 during mid-day trading on Thursday, hitting $40.48. 1,212,118 shares of the stock were exchanged, compared to its average volume of 2,272,897. The Carlyle Group has a twelve month low of $25.20 and a twelve month high of $48.52. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of -24.01, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77. The company has a 50-day simple moving average of $45.91 and a 200 day simple moving average of $39.93. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Research analysts forecast that The Carlyle Group will post 3.97 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 27.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of 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 worth $54,000 after acquiring an additional 215 shares during the period. Riverwater Partners LLC raised its stake in shares of The Carlyle Group by 1.1% during the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock valued at $1,021,000 after purchasing an additional 228 shares during the period. Global Retirement Partners LLC lifted its holdings in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. Fifth Third Bancorp grew its holdings in The Carlyle Group by 11.5% during the 1st quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock valued at $115,000 after buying an additional 251 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of The Carlyle Group by 0.6% during the first quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock valued at $2,197,000 after buying an additional 293 shares during the period. 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.