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

The Carlyle Group (NASDAQ:CG) had its price objective lifted by UBS Group from $43.00 to $54.00 in a report released on Tuesday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. downgraded The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Barclays upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Morgan Stanley raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Finally, Evercore ISI lifted 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 note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and an average price target of $51.33.

The Carlyle Group Stock Performance

Shares of CG stock opened at $50.22 on Tuesday. The business’s 50-day moving average price is $43.46 and its 200-day moving average price is $43.08. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $52.73. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of -28.06, a PEG ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 company’s revenue was up 131.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities research analysts forecast that The Carlyle Group will post 3.76 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the transaction, the insider now directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,364,800 shares of company stock valued at $31,305,005. 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 added to or reduced their stakes in the stock. Capital International Investors purchased a new position in The Carlyle Group during the 1st quarter worth $142,511,000. Boston Partners bought a new stake in The Carlyle Group in the 1st quarter worth about $109,122,000. Massachusetts Financial Services Co. MA increased its stake in The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after buying an additional 1,705,982 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $37,009,000. Finally, William Blair Investment Management LLC grew its holdings in shares of The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after acquiring an additional 721,608 shares in the last quarter. Institutional investors and hedge funds 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.