The Carlyle Group (NASDAQ:CG) Price Target Raised to $57.00

The Carlyle Group (NASDAQ:CG) had its price target boosted by equities research analysts at Barclays from $50.00 to $57.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 10.02% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. UBS Group lifted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.87.

The Carlyle Group Stock Down 1.0 %

NASDAQ:CG traded down $0.54 on Friday, hitting $51.81. 1,765,306 shares of the company’s stock were exchanged, compared to its average volume of 2,325,142. The company has a market cap of $18.46 billion, a P/E ratio of -46.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The firm has a 50-day moving average price of $45.37 and a 200-day moving average price of $43.41. 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 52 week low of $29.29 and a 52 week high of $54.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. As a group, analysts expect that The Carlyle Group will post 3.71 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. 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 at this link. Over the last 90 days, insiders have sold 1,676,014 shares of company stock worth $3,687,196. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its holdings in shares of The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after acquiring an additional 149,612 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of The Carlyle Group in the 1st quarter worth about $627,000. Capital Group Private Client Services Inc. purchased a new stake in The Carlyle Group during the first quarter worth about $3,021,000. Cetera Investment Advisers grew its position in shares of The Carlyle Group by 292.1% during the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of The Carlyle Group by 182.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock worth $15,551,000 after purchasing an additional 250,021 shares during the period. Institutional investors and hedge funds 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.