The Carlyle Group (NASDAQ:CG) Price Target Raised to $48.00 at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price target increased by investment analysts at Wells Fargo & Company from $42.00 to $48.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.74% from the stock’s current price.

Several other brokerages also recently commented on CG. Oppenheimer lowered their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. UBS Group lowered their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lowered their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Barclays raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.53.

The Carlyle Group Stock Up 1.1 %

Shares of CG traded up $0.51 during trading hours on Wednesday, reaching $47.18. The company’s stock had a trading volume of 345,856 shares, compared to its average volume of 2,285,664. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of -26.36, a P/E/G ratio of 1.30 and a beta of 1.73. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $50.92. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average of $41.46 and a two-hundred day moving average of $42.78.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 Carlyle Group’s revenue was up 131.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. As a group, research analysts predict that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 93,187 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $345,357,615.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 1,428,398 shares of company stock worth $54,289,312. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors have recently bought and sold shares of CG. Tobam bought a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC raised its stake in shares of The Carlyle Group by 22.8% during the 1st 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 in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in shares of The Carlyle Group during the 1st quarter worth approximately $55,000. 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.