Barclays Forecasts Strong Price Appreciation for The Carlyle Group (NASDAQ:CG) Stock

The Carlyle Group (NASDAQ:CG) had its price target lifted by equities researchers at Barclays from $59.00 to $60.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 15.79% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CG. TD Cowen increased their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. UBS Group increased their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI lifted their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, Oppenheimer boosted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average target price of $54.44.

The Carlyle Group Stock Up 2.5 %

Shares of NASDAQ:CG opened at $51.82 on Monday. The stock has a market cap of $18.54 billion, a price-to-earnings ratio of 178.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The firm’s 50 day moving average price is $51.88 and its 200 day moving average price is $46.60. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. 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 issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts predict that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in The Carlyle Group in the third quarter valued at approximately $33,000. Tobam grew its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings 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 valued at $73,000 after acquiring an additional 1,600 shares in the last quarter. Blue Trust Inc. boosted its stake in The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,139 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The Carlyle Group in the 2nd quarter worth about $126,000. Hedge funds and other 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.