The Carlyle Group (NASDAQ:CG) Price Target Raised to $55.00 at Keefe, Bruyette & Woods

The Carlyle Group (NASDAQ:CG) had its price target hoisted by investment analysts at Keefe, Bruyette & Woods from $51.00 to $55.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 6.57% from the company’s current price.

Several other equities research analysts have also recently weighed in on CG. Barclays upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. 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 research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft cut their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, 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 research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $51.93.

The Carlyle Group Trading Down 1.4 %

Shares of CG traded down $0.74 during mid-day trading on Friday, hitting $51.61. 961,352 shares of the company’s stock traded hands, compared to its average volume of 2,320,797. The firm has a market capitalization of $18.39 billion, a P/E ratio of -46.08, a PEG ratio of 1.25 and a beta of 1.70. The business’s 50-day moving average price is $45.37 and its 200-day moving average price is $43.41. The Carlyle Group has a 1 year low of $29.29 and a 1 year high of $54.52. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, sell-side analysts forecast that The Carlyle Group will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,676,014 shares of company stock worth $3,687,196 over the last quarter. 27.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC lifted its stake in shares of The Carlyle Group by 43.8% during the 1st quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 2,593 shares during the last quarter. Janney Montgomery Scott LLC raised its position in The Carlyle Group by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider’s stock valued at $3,833,000 after purchasing an additional 1,193 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in The Carlyle Group by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider’s stock worth $679,000 after buying an additional 800 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in The Carlyle Group during the 1st quarter worth $212,000. Finally, Empowered Funds LLC grew its stake in The Carlyle Group by 12.6% during the 1st quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider’s stock worth $1,265,000 after buying an additional 3,015 shares during the last quarter. 55.88% of the stock is 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.