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

The Carlyle Group (NASDAQ:CG) had its price objective lowered by stock analysts at Wells Fargo & Company from $54.00 to $48.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 8.77% from the stock’s previous close.

Several other equities analysts also recently weighed in on CG. Evercore ISI boosted their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Barclays cut their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average target price of $54.53.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $44.13 on Thursday. The Carlyle Group has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average is $50.05 and its 200 day moving average is $49.15. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Sell-side analysts forecast that The Carlyle Group will post 4.48 EPS for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds have recently made changes to their positions in CG. CIBC Asset Management Inc raised its stake in shares of The Carlyle Group by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 569 shares in the last quarter. Quest Partners LLC grew its stake in The Carlyle Group by 41.3% during the 3rd quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider’s stock worth $824,000 after buying an additional 5,591 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in The Carlyle Group during the 3rd quarter valued at about $265,000. Segall Bryant & Hamill LLC acquired a new stake in The Carlyle Group in the third quarter worth about $560,000. Finally, Moors & Cabot Inc. grew its stake in shares of The Carlyle Group by 11.8% during the third quarter. Moors & Cabot Inc. now owns 8,553 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 900 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other 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.