Carlyle Group (NASDAQ:CG) Given New $73.00 Price Target at Citizens Jmp

Carlyle Group (NASDAQ:CG) had its price target increased by investment analysts at Citizens Jmp from $70.00 to $73.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price target suggests a potential upside of 46.47% from the stock’s previous close.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. TD Cowen cut their price objective on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays reiterated an “overweight” rating and set a $64.00 target price on shares of Carlyle Group in a research report on Thursday. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.79.

Carlyle Group Stock Down 1.6%

CG opened at $49.84 on Thursday. The company has a market capitalization of $17.94 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.78 and a beta of 1.83. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The firm’s fifty day moving average price is $44.67 and its two-hundred day moving average price is $49.04. Carlyle Group has a fifty-two week low of $39.60 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. During the same period in the previous year, the business earned $0.87 earnings per share. The company’s quarterly revenue was down 28.6% on a year-over-year basis. On average, analysts anticipate that Carlyle Group will post 3.71 EPS for the current year.

Institutional Investors Weigh In On Carlyle Group

A number of hedge funds have recently added to or reduced their stakes in CG. Franklin Street Advisors Inc. NC raised its stake in Carlyle Group by 7.6% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 724,039 shares of the financial services provider’s stock worth $42,798,000 after buying an additional 51,224 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after acquiring an additional 117,223 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carlyle Group during the 4th quarter valued at about $1,935,000. M&T Bank Corp acquired a new position in shares of Carlyle Group in the 4th quarter valued at approximately $4,083,000. Finally, Algebris UK Ltd. acquired a new stake in Carlyle Group during the 4th quarter worth approximately $50,459,000. 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.