The Carlyle Group (NASDAQ:CG) Price Target Cut to $48.00 by Analysts at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price objective cut by stock analysts at Wells Fargo & Company from $54.00 to $48.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.53% from the company’s previous close.

A number of other analysts have also recently commented on the company. Evercore ISI lifted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Barclays lowered their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.53.

The Carlyle Group Price Performance

The Carlyle Group stock traded up $0.36 during midday trading on Thursday, reaching $43.82. 1,927,678 shares of the stock traded hands, compared to its average volume of 2,300,732. The stock’s fifty day moving average is $50.34 and its 200-day moving average is $49.16. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50. The stock has a market cap of $15.83 billion, a P/E ratio of 15.76, a PEG ratio of 0.98 and a beta of 1.73. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, equities research analysts anticipate that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Trading of The Carlyle Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $25,000. National Pension Service bought a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. raised its stake in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Main Street Group LTD bought a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $29,000. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Company Profile

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.