The Carlyle Group (NASDAQ:CG) PT Raised to $50.00

The Carlyle Group (NASDAQ:CG) had its target price lifted by JPMorgan Chase & Co. from $44.00 to $50.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Oppenheimer lifted their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.33.

The Carlyle Group Trading Up 0.2 %

Shares of NASDAQ:CG opened at $50.22 on Wednesday. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $52.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $18.07 billion, a P/E ratio of -28.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The firm has a fifty day moving average of $43.46 and a two-hundred day moving average of $43.08.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. On average, equities analysts expect that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $42.10, for a total transaction of $7,134,560.70. Following the transaction, the insider now owns 8,724,346 shares in the company, valued at approximately $367,294,966.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 2,364,800 shares of company stock worth $31,305,005 in the last ninety days. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tobam bought a new position in The Carlyle Group during the second quarter worth about $27,000. Blue Trust Inc. boosted its stake in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new position in The Carlyle Group during the second quarter worth $50,000. 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the 1st quarter valued at $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares in the last quarter. 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.