The Carlyle Group (NASDAQ:CG) Price Target Cut to $45.00 by Analysts at TD Cowen

The Carlyle Group (NASDAQ:CG) had its price objective dropped by TD Cowen from $49.00 to $45.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price indicates a potential upside of 9.60% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley upped their price objective on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group decreased their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday. Finally, Oppenheimer lowered their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.25.

The Carlyle Group Trading Up 1.2 %

Shares of The Carlyle Group stock traded up $0.48 on Thursday, reaching $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The firm has a market cap of $14.87 billion, a PE ratio of -22.94, a PEG ratio of 0.86 and a beta of 1.77. The firm’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $40.02. The Carlyle Group has a 52-week low of $25.20 and a 52-week high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. Sell-side analysts predict that The Carlyle Group will post 3.98 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. increased its stake in shares of The Carlyle Group by 5.9% during the first quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 800 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of The Carlyle Group by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider’s stock worth $3,833,000 after buying an additional 1,193 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $256,000. Private Advisor Group LLC raised its position in The Carlyle Group by 43.8% in the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 2,593 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in The Carlyle Group by 0.3% in the first quarter. Retirement Systems of Alabama now owns 271,841 shares of the financial services provider’s stock valued at $12,752,000 after acquiring an additional 713 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

About The 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.