JMP Securities Reaffirms “Market Outperform” Rating for The Carlyle Group (NASDAQ:CG)

The Carlyle Group (NASDAQ:CG)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a report issued on Wednesday, Benzinga reports. They presently have a $60.00 price objective on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 28.18% from the company’s previous close.

Several other research firms have also recently weighed in on CG. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. Wells Fargo & Company lifted their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday. Keefe, Bruyette & Woods lowered 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, August 6th. Barclays boosted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $47.67.

The Carlyle Group Trading Up 0.3 %

NASDAQ CG traded up $0.14 on Wednesday, hitting $46.81. 610,906 shares of the company were exchanged, compared to its average volume of 2,287,024. The company’s 50 day moving average price is $41.46 and its 200-day moving average price is $42.78. 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 firm has a market capitalization of $16.85 billion, a P/E ratio of -26.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $50.92.

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

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 93,187 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.70, for a total value of $2,954,027.90. Following the completion of the transaction, the insider now directly owns 10,894,562 shares of the company’s stock, valued at $345,357,615.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 1,428,398 shares of company stock valued at $54,289,312 over the last ninety days. 27.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,756,189 shares during the period. Jessup Wealth Management Inc bought a new position in shares of The Carlyle Group during the first quarter valued at $7,631,000. National Bank of Canada FI increased its stake in shares of The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after buying an additional 149,612 shares in the last quarter. American International Group Inc. increased its stake in shares of The Carlyle Group by 16,334.3% in the fourth quarter. American International Group Inc. now owns 292,367 shares of the financial services provider’s stock valued at $11,896,000 after buying an additional 290,588 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of The Carlyle Group in the first quarter valued at $627,000. 55.88% of the stock is owned by institutional investors.

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.