The Carlyle Group Inc. (NASDAQ:CG) Receives $44.93 Consensus PT from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $45.20.

A number of research analysts recently issued reports on CG shares. UBS Group decreased their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group decreased their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen dropped their price target on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Monday, July 8th. Barclays increased their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Oppenheimer cut their price target on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd.

The Carlyle Group Stock Down 3.7 %

The Carlyle Group stock opened at $44.74 on Thursday. The Carlyle Group has a fifty-two week low of $27.13 and a fifty-two week high of $48.52. The company has a market cap of $16.10 billion, a PE ratio of -24.99, a PEG ratio of 1.33 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The business’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $43.28.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the prior year, the company earned $0.63 EPS. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. Equities analysts anticipate that The Carlyle Group will post 3.89 EPS for the current year.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 135,241 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.31, for a total value of $4,775,359.71. Following the transaction, the insider now directly owns 10,427,317 shares in the company, valued at approximately $368,188,563.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,254,115 shares of company stock worth $42,656,234 in the last quarter. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently modified their holdings of CG. Blue Trust Inc. raised its holdings in The Carlyle Group by 506.3% in 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 during the period. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group during the first quarter valued at about $34,000. CVA Family Office LLC purchased a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $35,000. GAMMA Investing LLC purchased a new position in shares of The Carlyle Group during the 4th quarter worth approximately $38,000. Finally, Global Retirement Partners LLC increased its holdings in The Carlyle Group by 41.2% in the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 247 shares during the last quarter. Institutional investors and hedge funds 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.