Carlyle Group Inc. (CG) – What Are Brokerages Thinking About This Stock?

Shares of Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $54.60.

Several brokerages recently commented on CG. Morgan Stanley set a $51.00 target price on shares of Carlyle Group in a report on Friday, October 16th. TD Cowen lowered their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Wells Fargo & Company assumed coverage on Carlyle Group in a research note on Friday, October 2nd. They set an “equal weight” rating and a $43.00 target price on the stock. Barclays dropped their price target on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th.

Insider Transactions at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the transaction, the director owned 26,899,644 shares of the company’s stock, valued at approximately $1,149,690,784.56. This represents a 1.47% 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. 25.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Main Street Group LTD bought a new position in Carlyle Group in the 1st quarter valued at approximately $27,000. Allworth Financial LP bought a new stake in shares of Carlyle Group during the second quarter worth $35,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Carlyle Group by 36.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after buying an additional 258 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Carlyle Group during the first quarter worth $52,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Carlyle Group in the 1st quarter valued at $57,000. 55.88% of the stock is owned by institutional investors.

Carlyle Group Price Performance

CG stock opened at $38.59 on Wednesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $13.75 billion, a P/E ratio of 40.20, a P/E/G ratio of 1.24 and a beta of 1.88. Carlyle Group has a fifty-two week low of $35.41 and a fifty-two week high of $67.30. The business has a 50-day moving average of $42.35 and a 200-day moving average of $45.07.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the firm earned $0.87 EPS. Carlyle Group’s revenue for the quarter was down 28.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlyle Group will post 3.54 earnings per share for the current fiscal year.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.