The Carlyle Group (NASDAQ:CG) Hits New 12-Month High at $48.66

The Carlyle Group Inc. (NASDAQ:CG) shares reached a new 52-week high on Tuesday . The stock traded as high as $48.66 and last traded at $48.36, with a volume of 46438 shares. The stock had previously closed at $47.55.

Analysts Set New Price Targets

CG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Barclays lifted their target price on The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Oppenheimer dropped their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. TD Cowen decreased their price target on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a report on Monday, July 8th. Finally, Jefferies Financial Group cut their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $45.20.

The Carlyle Group Stock Up 2.5 %

The company has a market cap of $17.90 billion, a price-to-earnings ratio of -27.79, a P/E/G ratio of 1.40 and a beta of 1.75. The stock’s 50-day moving average is $42.43 and its 200-day moving average is $43.54. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. On average, analysts anticipate that The Carlyle Group Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 158,090 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $38.85, for a total transaction of $6,141,796.50. Following the completion of the sale, the insider now owns 9,444,215 shares in the company, valued at approximately $366,907,752.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 1,730,863 shares of company stock worth $61,224,447. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CG. State of Alaska Department of Revenue bought a new stake in shares of The Carlyle Group during the fourth quarter valued at about $951,000. Fifth Third Bancorp lifted its stake in The Carlyle Group by 25.6% in the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 446 shares in the last quarter. Oak Thistle LLC bought a new position in The Carlyle Group in the 4th quarter valued at $656,000. State of Michigan Retirement System purchased a new position in shares of The Carlyle Group during the 4th quarter valued at $2,112,000. Finally, O ROURKE & COMPANY Inc raised its position in shares of The Carlyle Group by 6.5% in the fourth quarter. O ROURKE & COMPANY Inc now owns 14,642 shares of the financial services provider’s stock worth $596,000 after buying an additional 896 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

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.