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

The Carlyle Group (NASDAQ:CG) had its price target raised by equities research analysts at Keefe, Bruyette & Woods from $51.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.57% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. UBS Group lifted their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.93.

The Carlyle Group Stock Down 1.4 %

Shares of NASDAQ CG traded down $0.74 during midday trading on Friday, reaching $51.61. The company’s stock had a trading volume of 961,352 shares, compared to its average volume of 2,320,797. 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 fifty-two week low of $29.29 and a fifty-two week high of $54.52. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -46.08, a PEG ratio of 1.25 and a beta of 1.70. The stock has a 50 day simple moving average of $45.37 and a 200-day simple moving average of $43.41.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) 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 company 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 company earned $0.87 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts predict that The Carlyle Group will post 3.71 earnings per share for the current year.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 1,676,014 shares of company stock worth $3,687,196. Corporate insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CG. Capital World Investors boosted its position in shares of The Carlyle Group by 0.4% during 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 acquiring an additional 79,681 shares during the last quarter. William Blair Investment Management LLC lifted its position in The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares during the last quarter. Ariel Investments LLC lifted its position in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares during the last quarter. Capital International Investors bought a new stake in The Carlyle Group in the first quarter valued at approximately $142,511,000. Finally, Bank of New York Mellon Corp lifted its position in The Carlyle Group by 2.1% in the second 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. Hedge funds and other institutional investors own 55.88% of the company’s stock.

About The Carlyle Group

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.