The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Brokerages

The Carlyle Group Inc. (NASDAQ:CG) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $51.33.

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Oppenheimer boosted their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Morgan Stanley upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 164,877 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.11, for a total value of $6,448,339.47. Following the completion of the sale, the insider now owns 9,128,748 shares in the company, valued at approximately $357,025,334.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,364,800 shares of company stock valued at $31,305,005 over the last ninety days. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds have recently made changes to their positions in the business. Tobam acquired a new position in The Carlyle Group in the 2nd quarter valued at $27,000. Blue Trust Inc. raised its holdings in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the second quarter valued at about $50,000. 1832 Asset Management L.P. acquired a new position in The Carlyle Group during the 1st quarter worth approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $50.22 on Friday. 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 company has a market capitalization of $18.07 billion, a price-to-earnings ratio of -28.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The company’s 50 day simple moving average is $43.46 and its 200-day simple moving average is $43.08. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $52.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). 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 $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s quarterly revenue was up 131.5% on a year-over-year basis. As a group, equities research analysts expect that The Carlyle Group will post 3.76 earnings per share for the current year.

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.