UBS Group Lowers Carlyle Group (NASDAQ:CG) Price Target to $65.00

Carlyle Group (NASDAQ:CG) had its target price dropped by analysts at UBS Group from $81.00 to $65.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 23.24% from the stock’s current price.

CG has been the subject of several other research reports. Keefe, Bruyette & Woods decreased their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Citigroup lowered their price target on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Finally, Evercore lifted their price objective on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.85.

Carlyle Group Price Performance

NASDAQ CG traded down $0.24 on Friday, hitting $52.74. The company had a trading volume of 1,758,365 shares, compared to its average volume of 2,946,669. The company’s fifty day moving average price is $60.17 and its 200-day moving average price is $59.93. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a market capitalization of $19.01 billion, a PE ratio of 24.18, a PEG ratio of 1.06 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. Carlyle Group’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, analysts predict that Carlyle Group will post 4.48 earnings per share for the current year.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Carlyle Group

Hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its stake in Carlyle Group by 5.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 434,992 shares of the financial services provider’s stock worth $25,713,000 after acquiring an additional 21,590 shares during the period. Invesco Ltd. increased its position in shares of Carlyle Group by 55.8% during the fourth quarter. Invesco Ltd. now owns 1,116,227 shares of the financial services provider’s stock valued at $65,980,000 after buying an additional 399,895 shares during the period. Corient Private Wealth LLC lifted its holdings in Carlyle Group by 52.0% in the fourth quarter. Corient Private Wealth LLC now owns 64,990 shares of the financial services provider’s stock worth $3,842,000 after buying an additional 22,223 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Carlyle Group by 15.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,117 shares of the financial services provider’s stock worth $1,071,000 after acquiring an additional 2,372 shares during the period. Finally, State of Tennessee Department of Treasury boosted its position in shares of Carlyle Group by 16.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 101,869 shares of the financial services provider’s stock valued at $5,988,000 after purchasing an additional 14,637 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.