The Carlyle Group (NASDAQ:CG) Sets New 52-Week High – Should You Buy?

The Carlyle Group Inc. (NASDAQ:CG) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $56.84 and last traded at $56.62, with a volume of 1847527 shares trading hands. The stock had previously closed at $56.41.

Wall Street Analysts Forecast Growth

CG has been the topic of several research reports. Barclays upped their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, January 13th. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Morgan Stanley boosted their price target 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. Finally, UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $54.44.

The Carlyle Group Trading Up 0.4 %

The firm has a fifty day simple moving average of $52.25 and a 200-day simple moving average of $47.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $20.25 billion, a P/E ratio of 195.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its position in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group during the 3rd quarter worth $33,000. Tobam grew its position in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Fifth Third Bancorp increased its position in shares of The Carlyle Group by 53.9% during the 4th quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in The Carlyle Group in the 4th quarter worth $57,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.