The Carlyle Group (NASDAQ:CG) PT Lowered to $44.00

The Carlyle Group (NASDAQ:CG) had its price objective reduced by UBS Group from $45.00 to $44.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price would indicate a potential upside of 7.82% from the stock’s current price.

A number of other research analysts also recently issued reports on CG. Oppenheimer dropped their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price objective on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. The Goldman Sachs Group dropped their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $44.93.

The Carlyle Group Trading Up 1.3 %

CG traded up $0.51 during trading on Wednesday, reaching $40.81. 196,438 shares of the stock traded hands, compared to its average volume of 2,206,884. The stock’s 50-day moving average is $41.48 and its 200 day moving average is $42.96. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $48.52. 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 stock has a market capitalization of $14.69 billion, a PE ratio of -22.80, a P/E/G ratio of 1.14 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue was up 35.6% on a year-over-year basis. Equities analysts anticipate that The Carlyle Group will post 3.9 earnings per share for the current year.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the transaction, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 748,798 shares of company stock worth $25,854,673. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Jessup Wealth Management Inc bought a new position in The Carlyle Group in the 1st quarter worth about $7,631,000. New York State Teachers Retirement System purchased a new stake in shares of The Carlyle Group in the 4th quarter valued at about $1,349,000. Principal Financial Group Inc. boosted its position in shares of The Carlyle Group by 4,693.0% during the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after acquiring an additional 777,863 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of The Carlyle Group in the fourth quarter worth approximately $5,410,000. 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.