Carlyle Group (NASDAQ:CG) Stock Price Target Lowered at UBS Group

Carlyle Group (NASDAQ:CG) had its price target decreased by analysts at UBS Group from $70.00 to $60.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 61.12% from the company’s current price.

A number of other research firms have also recently weighed in on CG. Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Wells Fargo & Company began coverage on Carlyle Group in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 price objective on the stock. TD Cowen decreased their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a report on Monday. Keefe, Bruyette & Woods raised their target price on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average price target of $55.40.

Carlyle Group Price Performance

Shares of NASDAQ CG traded down $1.01 during mid-day trading on Tuesday, hitting $37.24. 4,309,013 shares of the stock were exchanged, compared to its average volume of 3,417,294. The company has a market cap of $13.27 billion, a P/E ratio of 38.79, a PEG ratio of 1.12 and a beta of 1.88. The stock’s fifty day simple moving average is $44.49 and its two-hundred day simple moving average is $45.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. Carlyle Group has a twelve month low of $37.05 and a twelve month high of $67.30.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. Carlyle Group’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, analysts forecast that Carlyle Group will post 3.58 EPS for the current fiscal year.

Insider Activity at Carlyle Group

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

Institutional Trading of Carlyle Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Carlyle Group during the second quarter valued at approximately $1,346,848,000. William Blair Investment Management LLC acquired a new position in shares of Carlyle Group during the 2nd quarter worth approximately $249,077,000. Legal & General Group Plc bought a new stake in shares of Carlyle Group during the 2nd quarter worth approximately $162,984,000. Amundi raised its stake 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 purchasing an additional 2,749,781 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 23,065 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle’s investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.