The Carlyle Group (NASDAQ:CG) Hits New 52-Week High – Here’s Why

The Carlyle Group Inc. (NASDAQ:CG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.39 and last traded at $57.28, with a volume of 478 shares trading hands. The stock had previously closed at $56.95.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CG. Evercore ISI upped 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. TD Cowen upped 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 report on Friday, November 8th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, Morgan Stanley raised their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $54.44.

The Carlyle Group Trading Down 0.0 %

The business’s 50-day moving average price is $52.70 and its two-hundred day moving average price is $47.73. The company has a market capitalization of $20.37 billion, a P/E ratio of 196.19, a PEG ratio of 0.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, analysts forecast that The Carlyle Group Inc. will post 3.8 EPS 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 business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is available at this link. 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 modified their holdings of CG. JPMorgan Chase & Co. boosted its holdings in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares during the period. Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group in the 4th quarter valued at about $17,671,000. Empowered Funds LLC boosted its holdings in The Carlyle Group by 443.1% in the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock valued at $6,789,000 after purchasing an additional 128,644 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $67,540,000. Finally, Truist Financial Corp lifted its holdings in shares of The Carlyle Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 37,041 shares of the financial services provider’s stock worth $1,487,000 after acquiring an additional 1,716 shares during the period. 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.