The Carlyle Group (NASDAQ:CG) Price Target Raised to $51.00

The Carlyle Group (NASDAQ:CG) had its target price upped by Barclays from $47.00 to $51.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

CG has been the topic of a number of other research reports. Jefferies Financial Group dropped their price target on The Carlyle Group from $49.00 to $44.00 and set a hold rating on the stock in a research note on Thursday, May 9th. TD Cowen dropped their price target on The Carlyle Group from $45.00 to $41.00 and set a hold rating on the stock in a research note on Monday, July 8th. Oppenheimer dropped their price target on The Carlyle Group from $74.00 to $68.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods restated a market perform rating and issued a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Finally, UBS Group decreased their price objective on The Carlyle Group from $45.00 to $44.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $45.20.

The Carlyle Group Trading Down 3.7 %

Shares of The Carlyle Group stock opened at $44.74 on Monday. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $48.52. The stock has a market cap of $16.10 billion, a P/E ratio of -24.99, a P/E/G ratio of 1.33 and a beta of 1.75. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $42.12 and its 200-day moving average is $43.28.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. Equities research analysts predict that The Carlyle Group will post 3.89 earnings per share for the current fiscal year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 135,241 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $35.31, for a total transaction of $4,775,359.71. Following the sale, the insider now directly owns 10,427,317 shares of the company’s stock, valued at approximately $368,188,563.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 1,254,115 shares of company stock valued at $42,656,234. 27.20% of the stock is owned by corporate insiders.

Institutional Trading of The Carlyle Group

Several large investors have recently bought and sold shares of CG. Nordea Investment Management AB boosted its stake in The Carlyle Group by 29.2% in the fourth quarter. Nordea Investment Management AB now owns 15,265 shares of the financial services provider’s stock valued at $622,000 after buying an additional 3,450 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $213,000. SG Americas Securities LLC boosted its stake in shares of The Carlyle Group by 347.1% during the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after purchasing an additional 86,914 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $35,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $1,324,000. 55.88% of the stock is owned by institutional investors and hedge funds.

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.