The Carlyle Group (NASDAQ:CG) Upgraded at Wolfe Research

The Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Friday,Briefing.com Automated Import reports. The firm currently has a $60.00 price target on the financial services provider’s stock. Wolfe Research’s target price points to a potential upside of 18.27% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Barclays upped their price target on The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Evercore ISI lifted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. TD Cowen raised their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods increased their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.38.

The Carlyle Group Trading Up 0.5 %

NASDAQ CG opened at $50.73 on Friday. The stock has a market cap of $18.15 billion, a P/E ratio of 174.93, a P/E/G ratio of 1.45 and a beta of 1.69. The stock’s fifty day moving average price is $51.70 and its 200-day moving average price is $45.93. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $55.11. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now directly owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. The trade was a 2.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. boosted its position in shares of The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares during the period. Bleakley Financial Group LLC increased its stake in The Carlyle Group by 0.5% in the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares during the period. Tobam lifted its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in shares of The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 314 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in The Carlyle Group by 0.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 318 shares in the last quarter. 55.88% of the stock is 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.