The Carlyle Group (NASDAQ:CG) PT Lowered to $68.00 at Oppenheimer

The Carlyle Group (NASDAQ:CG) had its target price lowered by investment analysts at Oppenheimer from $74.00 to $68.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective indicates a potential upside of 65.61% from the company’s previous close.

CG has been the topic of several other research reports. TD Cowen assumed coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price objective on the stock. TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. UBS Group boosted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Citigroup raised their target price on The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Barclays upped their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of CG stock traded up $0.48 during mid-day trading on Thursday, reaching $41.06. 2,767,766 shares of the company were exchanged, compared to its average volume of 2,097,171. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The business’s 50 day simple moving average is $45.75 and its 200 day simple moving average is $40.02. The company has a market capitalization of $14.87 billion, a P/E ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77. The Carlyle Group has a fifty-two week low of $25.20 and a fifty-two week high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same quarter last year, the firm earned $0.63 EPS. The business’s revenue was up 35.6% on a year-over-year basis. Research analysts predict that The Carlyle Group will post 3.98 earnings per share for the current year.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CG. New York State Teachers Retirement System acquired a new stake in The Carlyle Group during the 4th quarter worth about $1,349,000. Mutual of America Capital Management LLC purchased a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $5,410,000. SG Americas Securities LLC grew its position in The Carlyle Group by 347.1% during the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after purchasing an additional 86,914 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in The Carlyle Group during the 4th quarter valued at $1,324,000. Finally, Xponance Inc. boosted its position in shares of The Carlyle Group by 245.8% in the fourth quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,072,000 after buying an additional 18,722 shares during the period. Institutional investors and hedge funds 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.