The Carlyle Group (NASDAQ:CG – Get Free Report) had its price objective raised by research analysts at Barclays from $46.00 to $50.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays’s price target indicates a potential upside of 7.50% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. TD Cowen boosted their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Oppenheimer reduced their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. cut shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, August 6th. Nine equities research 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 Carlyle Group has an average rating of “Hold” and a consensus target price of $47.13.
The Carlyle Group Stock Down 0.8 %
CG stock traded down $0.37 during trading hours on Monday, reaching $46.51. 1,750,847 shares of the stock were exchanged, compared to its average volume of 2,289,683. The firm’s 50-day moving average is $41.51 and its 200-day moving average is $42.79. The company has a market cap of $16.74 billion, a price-to-earnings ratio of -26.02, a PEG ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $50.92.
The Carlyle Group (NASDAQ:CG – Get Free Report) last posted 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. On average, equities research analysts expect that The Carlyle Group will post 3.76 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total value of $733,895.10. Following the transaction, the insider now owns 11,141,580 shares in the company, valued at $335,250,142.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,452,788 shares of company stock worth $55,023,207 in the last 90 days. 27.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Capital International Investors purchased a new position in The Carlyle Group in the first quarter worth about $142,511,000. Boston Partners purchased a new position in shares of The Carlyle Group during the first quarter valued at approximately $109,122,000. Vanguard Group Inc. raised its holdings in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after purchasing an additional 1,712,133 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after purchasing an additional 1,705,982 shares during the last quarter. 55.88% of the stock is 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.