The Carlyle Group Inc. (NASDAQ:CG) Receives $54.44 Consensus Price Target from Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG) have received an average recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $54.44.

A number of equities analysts recently weighed in on CG shares. JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Morgan Stanley raised their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Finally, 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 report on Friday, November 8th.

The Carlyle Group Trading Up 0.8 %

CG opened at $52.58 on Monday. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50. The stock has a fifty day moving average price of $52.90 and a 200-day moving average price of $48.09. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 181.31, a PEG ratio of 0.98 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. As a group, equities research analysts anticipate that The Carlyle Group will post 3.73 earnings per share for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

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 transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Westbourne Investment Advisors Inc. raised its stake in shares of The Carlyle Group by 3.6% in the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 200 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 208 shares during the period. Tobam raised its position in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in The Carlyle Group by 0.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after buying an additional 225 shares during the last quarter. Finally, DMC Group LLC raised its holdings in shares of The Carlyle Group by 4.3% during the fourth quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 283 shares during the last quarter. 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.