The Carlyle Group (NASDAQ:CG) Price Target Raised to $50.00

The Carlyle Group (NASDAQ:CG) had its target price increased by JPMorgan Chase & Co. from $44.00 to $50.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on CG. TD Cowen raised their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley raised their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Oppenheimer increased their price objective on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI increased their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.33.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $50.22 on Wednesday. The firm has a fifty day moving average price of $43.46 and a 200-day moving average price of $43.05. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market cap of $18.07 billion, a PE ratio of -28.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $52.73.

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 the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business’s revenue was up 131.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. Equities analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the transaction, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 2,364,800 shares of company stock worth $31,305,005. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Tobam purchased a new position in The Carlyle Group during the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the period. 1832 Asset Management L.P. purchased a new position in The Carlyle Group during the 1st quarter valued at about $55,000. Rothschild Investment LLC purchased a new position in The Carlyle Group during the 2nd quarter valued at about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the period. 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.