The Carlyle Group (NASDAQ:CG) PT Raised to $50.00

The Carlyle Group (NASDAQ:CGGet Free Report) had its price target lifted by analysts at Morgan Stanley from $46.00 to $50.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.80% from the company’s previous close.

A number of other research firms also recently issued reports on CG. Wells Fargo & Company raised their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Redburn Atlantic began coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target for the company. UBS Group dropped their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Oppenheimer dropped their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Finally, Barclays lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.33.

View Our Latest Research Report on CG

The Carlyle Group Stock Up 1.4 %

CG stock traded up $0.63 during mid-day trading on Thursday, reaching $47.26. The company had a trading volume of 787,318 shares, compared to its average volume of 2,286,351. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a 50 day simple moving average of $41.39 and a two-hundred day simple moving average of $42.81. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of -26.23, a PEG ratio of 1.30 and a beta of 1.73. The Carlyle Group has a 52 week low of $27.13 and a 52 week high of $50.92.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the company earned $0.88 earnings per share. The business’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, equities analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 57,253 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $32.35, for a total transaction of $1,852,134.55. Following the transaction, the insider now owns 10,987,749 shares in the company, valued at $355,453,680.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,562,041 shares of company stock worth $54,624,756 in the last 90 days. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in CG. Tobam purchased a new stake in shares of The Carlyle Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its position in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in The Carlyle Group in the 2nd quarter valued at approximately $50,000. GAMMA Investing LLC lifted its position in The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in The Carlyle Group in the 1st quarter valued at approximately $55,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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