Carlyle Group (NASDAQ:CG) Price Target Lowered to $77.00 at TD Cowen

Carlyle Group (NASDAQ:CG) had its price objective reduced by stock analysts at TD Cowen from $78.00 to $77.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target suggests a potential upside of 46.62% from the stock’s current price.

CG has been the subject of several other reports. JMP Securities increased their price objective on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Evercore ISI reduced their price objective on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday. Citigroup cut their target price on Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Morgan Stanley increased their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.57.

Carlyle Group Price Performance

Shares of CG stock traded down $0.80 during trading hours on Monday, hitting $52.52. 3,798,450 shares of the company’s stock were exchanged, compared to its average volume of 2,871,362. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The firm has a market cap of $19.00 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.22 and a beta of 2.00. The firm has a 50 day moving average of $62.32 and a two-hundred day moving average of $54.99. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CG. Allworth Financial LP grew its stake in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Private Trust Co. NA boosted its stake in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after buying an additional 372 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 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.