Carlyle Group (NASDAQ:CG) Price Target Lowered to $68.00 at Barclays

Carlyle Group (NASDAQ:CG) had its price objective dropped by Barclays from $71.00 to $68.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 31.82% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada assumed coverage on shares of Carlyle Group in a research note on Monday, February 23rd. They set an “outperform” rating and a $67.00 target price for the company. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Finally, Citigroup decreased their target price 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. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Stock Performance

CG stock traded down $0.40 during midday trading on Monday, hitting $51.59. 499,762 shares of the stock traded hands, compared to its average volume of 3,032,704. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The stock’s fifty day simple moving average is $59.40 and its 200-day simple moving average is $59.45. The firm has a market cap of $18.59 billion, a P/E ratio of 23.63, a PEG ratio of 1.05 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The company’s revenue was up 84.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, analysts expect that Carlyle Group will post 4.48 earnings per share for the current year.

Insider Transactions at Carlyle Group

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 stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. Vanguard Group Inc. boosted its holdings in Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after purchasing an additional 84,228 shares in the last quarter. State Street Corp grew its position in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after purchasing an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after purchasing an additional 117,223 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in shares of Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after buying an additional 700,000 shares in the last quarter. 55.88% of the stock is currently 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.