Wells Fargo & Company Has Lowered Expectations for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG) had its target price reduced by analysts at Wells Fargo & Company from $56.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 5.82% from the company’s current price.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. TD Cowen upped their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Barclays dropped their price objective on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. Evercore ISI upped their price objective on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday. Finally, Oppenheimer boosted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.93.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $51.03 on Wednesday. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $57.50. The stock’s 50 day moving average price is $52.71 and its 200-day moving average price is $48.28. The company has a market capitalization of $18.25 billion, a PE ratio of 175.97, a PEG ratio of 0.92 and a beta of 1.70. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. On average, equities analysts anticipate that The Carlyle Group will post 3.73 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CG. Creative Planning grew its position in The Carlyle Group by 10.3% in the second quarter. Creative Planning now owns 11,905 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 1,111 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares in the last quarter. Bfsg LLC grew its position in The Carlyle Group by 8.4% in the third quarter. Bfsg LLC now owns 6,762 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 522 shares in the last quarter. Bleakley Financial Group LLC grew its position 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 acquiring an additional 208 shares in the last quarter. Finally, Stonegate Investment Group LLC purchased a new position in The Carlyle Group in the third quarter worth $258,000. 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.