The Carlyle Group (NASDAQ:CG) Given New $59.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG) had its price objective upped by equities researchers at Barclays from $57.00 to $59.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 10.47% from the company’s current price.

Several other analysts also recently commented on CG. Wells Fargo & Company increased their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective for the company. Oppenheimer increased their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of 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. Finally, Evercore ISI increased their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $53.47.

The Carlyle Group Trading Up 1.1 %

CG traded up $0.56 during trading on Monday, reaching $53.41. 851,499 shares of the company’s stock were exchanged, compared to its average volume of 2,350,986. The Carlyle Group has a one year low of $36.64 and a one year high of $55.11. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $19.10 billion, a PE ratio of 184.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The firm has a fifty day moving average price of $50.32 and a two-hundred day moving average price of $44.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 over the last three months. 27.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently bought and sold shares of CG. Cetera Investment Advisers raised its holdings in The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares during the period. Assenagon Asset Management S.A. raised its stake in The Carlyle Group by 182.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after purchasing an additional 250,021 shares during the period. SMH Capital Advisors Inc. bought a new position in The Carlyle Group in the 2nd quarter worth approximately $636,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Carlyle Group by 25.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock valued at $3,659,000 after buying an additional 18,614 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of The Carlyle Group by 297.1% in the second quarter. Edgestream Partners L.P. now owns 159,596 shares of the financial services provider’s stock worth $6,408,000 after buying an additional 119,402 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

About The Carlyle Group

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.