UBS Group Increases The Carlyle Group (NASDAQ:CG) Price Target to $54.00

The Carlyle Group (NASDAQ:CG) had its target price lifted by UBS Group from $43.00 to $54.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

CG has been the topic of several other research reports. Oppenheimer upped their price objective on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Barclays upped their price objective on shares of 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 restated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.33.

The Carlyle Group Trading Up 0.2 %

Shares of The Carlyle Group stock opened at $50.22 on Tuesday. The stock has a market cap of $18.07 billion, a P/E ratio of -28.06, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $52.73. The business’s 50 day moving average is $43.46 and its 200-day moving average is $43.08.

The Carlyle Group (NASDAQ:CG) last announced 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 during the quarter, compared to analyst estimates 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 business’s revenue was up 131.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Equities research analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 164,877 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.11, for a total value of $6,448,339.47. Following the transaction, the insider now owns 9,128,748 shares in the company, valued at approximately $357,025,334.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 2,364,800 shares of company stock valued at $31,305,005 over the last 90 days. 27.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds have recently bought and sold shares of CG. Capital World Investors increased its stake in shares of The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after purchasing an additional 79,681 shares during the last quarter. William Blair Investment Management LLC boosted its stake in The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after buying an additional 721,608 shares in the last quarter. Ariel Investments LLC raised its stake in The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after acquiring an additional 54,805 shares in the last quarter. Capital International Investors bought a new position in shares of The Carlyle Group in the first quarter worth about $142,511,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock valued at $109,524,000 after purchasing an additional 55,662 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.