TD Cowen Has Lowered Expectations for Carlyle Group (NASDAQ:CG) Stock Price

Carlyle Group (NASDAQ:CG) had its target price lowered by stock analysts at TD Cowen from $53.00 to $50.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price indicates a potential upside of 5.89% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. UBS Group decreased their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, May 8th. Finally, Weiss Ratings cut shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Trading Down 1.7%

NASDAQ:CG traded down $0.80 on Monday, hitting $47.22. 1,859,315 shares of the stock were exchanged, compared to its average volume of 3,242,643. The stock has a market cap of $17.00 billion, a PE ratio of 32.39, a PEG ratio of 1.63 and a beta of 1.89. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The stock has a fifty day moving average of $48.63 and a 200-day moving average of $54.20. Carlyle Group has a fifty-two week low of $43.19 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 earnings per share. As a group, equities analysts expect that Carlyle Group will post 4.04 earnings per share for the current fiscal year.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in shares of Carlyle Group by 27.1% during the first quarter. Empowered Funds LLC now owns 15,199 shares of the financial services provider’s stock valued at $735,000 after buying an additional 3,237 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Carlyle Group during the first quarter worth approximately $3,581,000. Gateway Wealth Partners LLC bought a new stake in Carlyle Group during the first quarter worth approximately $264,000. Waverly Advisors LLC raised its holdings in Carlyle Group by 25.9% during the first quarter. Waverly Advisors LLC now owns 14,848 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 3,056 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Carlyle Group during the first quarter worth approximately $4,673,000. Institutional investors own 55.88% of the company’s stock.

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.