Analysts Set Carlyle Group Inc. (NASDAQ:CG) Target Price at $67.08

Carlyle Group Inc. (NASDAQ:CG) has been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $67.4615.

Several research analysts have recently commented on the stock. Citigroup decreased their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Barclays upped their price objective on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd.

Carlyle Group Price Performance

Shares of CG opened at $61.28 on Monday. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.10 and a beta of 2.04. The stock has a 50 day moving average of $59.12 and a 200-day moving average of $60.28.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The firm had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. During the same period last year, the business posted $0.95 earnings per share. As a group, analysts forecast that Carlyle Group will post 4.48 EPS for the current year.

Insider Activity at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Carlyle Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after purchasing an additional 714,428 shares in the last quarter. State Street Corp grew its position in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after buying an additional 117,223 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares during the period. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.