The Carlyle Group (NASDAQ:CG) Price Target Raised to $42.00 at TD Cowen

The Carlyle Group (NASDAQ:CG) had its price target raised by research analysts at TD Cowen from $41.00 to $42.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 5.16% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CG. Barclays cut their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods reduced their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday. UBS Group dropped their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price objective on The Carlyle Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their target price for the company from $46.00 to $44.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.57.

The Carlyle Group Stock Performance

CG traded down $0.97 during trading on Tuesday, hitting $39.94. The stock had a trading volume of 2,473,951 shares, compared to its average volume of 2,266,356. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The company’s 50-day moving average price is $42.55 and its 200 day moving average price is $43.73. The firm has a market capitalization of $14.37 billion, a P/E ratio of -22.31, a PEG ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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 Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the company earned $0.88 EPS. The company’s revenue was up 131.5% on a year-over-year basis. On average, equities research analysts forecast that The Carlyle Group will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the completion of the sale, the insider now owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 2,065,207 shares of company stock valued at $74,807,347. 27.20% of the stock is currently owned by corporate insiders.

Institutional Trading of The Carlyle Group

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. Capital World Investors lifted its holdings in The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after acquiring an additional 79,681 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after purchasing an additional 721,608 shares during the period. Norges Bank acquired a new position in The Carlyle Group during the 4th quarter valued at approximately $130,771,000. Finally, Capital International Investors bought a new position in The Carlyle Group during the 1st quarter worth $142,511,000. 55.88% of the stock is owned by institutional investors and hedge funds.

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.