The Carlyle Group (NASDAQ:CG) PT Raised to $54.00

The Carlyle Group (NASDAQ:CG) had its target price raised by UBS Group from $43.00 to $54.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other analysts have also issued reports on CG. Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Redburn Atlantic assumed coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley increased their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reduced their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.33.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $50.11 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The stock’s fifty day moving average price is $43.27 and its two-hundred day moving average price is $43.06. The Carlyle Group has a one year low of $27.13 and a one year high of $52.73. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of -27.99, a P/E/G ratio of 1.25 and a beta of 1.73.

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

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 169,467 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the completion of the transaction, the insider now directly owns 8,724,346 shares in the company, valued at approximately $367,294,966.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders sold 2,364,800 shares of company stock worth $31,305,005. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently bought and sold shares of CG. Capital World Investors raised its position in shares of The Carlyle Group by 0.4% during the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after acquiring an additional 79,681 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of The Carlyle Group by 6.5% during the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after acquiring an additional 721,608 shares during the last quarter. Ariel Investments LLC raised its position in shares of The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after acquiring an additional 54,805 shares during the last quarter. Capital International Investors bought a new position in shares of The Carlyle Group during the first quarter worth about $142,511,000. Finally, Bank of New York Mellon Corp increased its holdings in The Carlyle Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after purchasing an additional 55,662 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.