The Carlyle Group (NASDAQ:CG) Price Target Raised to $50.00

The Carlyle Group (NASDAQ:CG) had its target price hoisted by JPMorgan Chase & Co. from $44.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on CG. UBS Group raised their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Barclays lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Oppenheimer raised their price objective on The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, TD Cowen increased their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $51.33.

The Carlyle Group Trading Up 0.2 %

Shares of The Carlyle Group stock opened at $50.22 on Wednesday. The business has a 50 day moving average price of $43.46 and a 200 day moving average price of $43.08. The company has a market capitalization of $18.07 billion, a P/E ratio of -28.06, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $52.73.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts anticipate that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 169,467 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 2,364,800 shares of company stock valued at $31,305,005 in the last ninety days. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Park Avenue Securities LLC boosted its position in shares of The Carlyle Group by 13.9% in the 1st quarter. Park Avenue Securities LLC now owns 7,452 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 911 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of The Carlyle Group in the first quarter worth approximately $194,000. Jessup Wealth Management Inc purchased a new stake in shares of The Carlyle Group in the 1st quarter valued at approximately $7,631,000. Hennion & Walsh Asset Management Inc. boosted its stake in The Carlyle Group by 28.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 34,588 shares of the financial services provider’s stock worth $1,623,000 after purchasing an additional 7,651 shares during the period. Finally, Mirador Capital Partners LP acquired a new stake in The Carlyle Group during the 1st quarter valued at $219,000. 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.