The Carlyle Group (NASDAQ:CG) PT Raised to $47.00

The Carlyle Group (NASDAQ:CG) had its price target increased by Evercore ISI from $45.00 to $47.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential downside of 3.29% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Redburn Atlantic initiated coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Wells Fargo & Company raised their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.33.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $48.60 on Monday. The company has a market capitalization of $17.49 billion, a PE ratio of -27.15, a PEG ratio of 1.25 and a beta of 1.73. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $50.92. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The stock’s fifty day simple moving average is $41.80 and its 200 day simple moving average is $42.82.

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

Insider Activity

In related news, major shareholder Carlyle Group Inc. sold 135,241 shares of The Carlyle Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.31, for a total value of $4,775,359.71. Following the transaction, the insider now directly owns 10,427,317 shares of the company’s stock, valued at $368,188,563.27. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 2,609,335 shares of company stock worth $50,141,281. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tobam bought a new stake in shares of The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. grew its stake in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of The Carlyle Group in the first quarter worth $55,000. Finally, Compass Wealth Management LLC bought a new stake in shares of The Carlyle Group in the first quarter worth $57,000. Institutional investors own 55.88% of the company’s stock.

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.