The Carlyle Group (NASDAQ:CG) Price Target Raised to $49.00

The Carlyle Group (NASDAQ:CG) had its target price hoisted by investment analysts at TD Cowen from $43.00 to $49.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price points to a potential downside of 4.84% from the stock’s previous close.

A number of other equities analysts have also weighed in on CG. Barclays increased their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Oppenheimer boosted their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.40.

The Carlyle Group Stock Down 1.6 %

CG traded down $0.86 during trading on Friday, reaching $51.49. 1,170,893 shares of the stock were exchanged, compared to its average volume of 2,322,402. The stock has a market cap of $18.35 billion, a P/E ratio of -46.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The stock’s 50 day moving average price is $45.37 and its two-hundred day moving average price is $43.41. The Carlyle Group has a twelve month low of $29.29 and a twelve month high of $54.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly 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 Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that The Carlyle Group will post 3.71 EPS for the current year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 1,676,014 shares of company stock valued at $3,687,196 in the last 90 days. 27.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its stake in The Carlyle Group by 43.8% in the 1st quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock valued at $399,000 after buying an additional 2,593 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in The Carlyle Group by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider’s stock worth $3,833,000 after acquiring an additional 1,193 shares during the period. Daiwa Securities Group Inc. grew its stake in The Carlyle Group by 5.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 800 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Carlyle Group during the 1st quarter worth $212,000. Finally, Empowered Funds LLC increased its holdings in The Carlyle Group by 12.6% during the first quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider’s stock worth $1,265,000 after buying an additional 3,015 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.