The Carlyle Group (NASDAQ:CG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

The Carlyle Group (NASDAQ:CG) had its price target lifted by investment analysts at Wells Fargo & Company from $54.00 to $56.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 6.38% from the stock’s current price.

CG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Barclays lifted their target price on The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, December 9th. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $54.00.

The Carlyle Group Stock Down 0.8 %

Shares of NASDAQ:CG opened at $52.64 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $18.83 billion, a P/E ratio of 181.52, a P/E/G ratio of 1.45 and a beta of 1.69. The Carlyle Group has a 52-week low of $36.65 and a 52-week high of $55.11. The stock’s fifty day simple moving average is $51.21 and its 200-day simple moving average is $45.03.

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

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the 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 transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last ninety days. Insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently added to or reduced their stakes in the company. Tobam bought a new position in The Carlyle Group in the second quarter worth about $27,000. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the last quarter. Brooklyn Investment Group bought a new stake in The Carlyle Group in the third quarter valued at $33,000. Rothschild Investment LLC bought a new stake in The Carlyle Group in the second quarter valued at $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

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.