The Carlyle Group (NASDAQ:CG) Given New $48.00 Price Target at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price target decreased by analysts at Wells Fargo & Company from $54.00 to $48.00 in a research 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 target price would suggest a potential upside of 9.53% from the stock’s previous close.

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

The Carlyle Group Price Performance

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

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Equities analysts expect that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

A number of large investors have recently modified their holdings of CG. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $25,000. National Pension Service acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $25,000. Valley National Advisers Inc. boosted its holdings 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 purchasing an additional 327 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of The Carlyle Group by 253.1% during 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 acquired a new stake in shares of The Carlyle Group during the 4th quarter valued at $29,000. Institutional investors and hedge funds 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.