Barclays Has Lowered Expectations for Carlyle Group (NASDAQ:CG) Stock Price

Carlyle Group (NASDAQ:CG) had its price target dropped by research analysts at Barclays from $53.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 20.91% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Piper Sandler cut their price target on shares of Carlyle Group from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. BMO Capital Markets decreased their price objective on Carlyle Group from $56.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. TD Cowen lowered their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Citizens Jmp upped their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings cut Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, November 2nd. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and a consensus target price of $52.00.

Carlyle Group Stock Performance

Shares of CG opened at $39.70 on Friday. Carlyle Group has a 12 month low of $35.41 and a 12 month high of $67.30. The firm has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $46.75. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 1.28 and a beta of 1.84. The company has a current ratio of 2.57, a quick ratio of 2.35 and a debt-to-equity ratio of 2.23.

Insider Buying and Selling

In other news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the transaction, the director owned 26,899,644 shares of the company’s stock, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 25.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CG. BlackRock Inc. bought a new stake in Carlyle Group in the second quarter valued at approximately $1,346,848,000. William Blair Investment Management LLC boosted its stake in shares of Carlyle Group by 15.3% during the 3rd quarter. William Blair Investment Management LLC now owns 6,821,563 shares of the financial services provider’s stock worth $270,543,000 after acquiring an additional 906,658 shares during the period. Legal & General Group Plc acquired a new position in shares of Carlyle Group during the 2nd quarter worth approximately $162,984,000. Amundi increased its holdings in shares of Carlyle Group by 419.0% during the 2nd quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock worth $143,427,000 after acquiring an additional 2,749,781 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Carlyle Group by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock valued at $99,086,000 after acquiring an additional 23,065 shares during the period. Institutional investors own 55.88% of the company’s stock.

More Carlyle Group News

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Carlyle reported Q3 distributable EPS of $1.12 and revenue of $994.5 million, both above analyst expectations. Its earnings call also highlighted record fee-related earnings and $479 billion in assets under management. Carlyle Q3 and fundraising report
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually. Carlyle dividend announcement
• Positive Sentiment: Carlyle is targeting $60 billion in fundraising for 2026. It has returned $24 billion to private-equity investors, a move intended to support future fundraising. Carlyle fundraising strategy
• Negative Sentiment: Deutsche Bank cut its price target to $48 from $51, while keeping a Buy rating. Barclays also lowered its target to $48, from $53, while maintaining an Overweight rating. The retained positive ratings temper, but do not erase, the signal of reduced price expectations. Deutsche Bank price target update
• Negative Sentiment: Despite the earnings beat, coverage described market caution about Carlyle’s future growth. That concern may help explain why the stock has been under pressure following results. Q3 fundraising and growth outlook

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments.

Founded in Washington, DC, in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.

Harvey Schwartz became Carlyle’s chief executive officer in 2023.