The Carlyle Group (NASDAQ:CG) Price Target Lowered to $47.00 at Barclays

The Carlyle Group (NASDAQ:CG) had its target price lowered by investment analysts at Barclays from $56.00 to $47.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 15.59% from the company’s current price.

A number of other brokerages have also recently commented on CG. JMP Securities increased their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research note on Thursday, February 8th. Morgan Stanley raised their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. TD Cowen decreased their price target on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday. The Goldman Sachs Group decreased their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Citigroup raised their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $44.25.

The Carlyle Group Stock Performance

The Carlyle Group stock traded down $0.31 during trading hours on Thursday, reaching $40.66. 2,186,015 shares of the stock were exchanged, compared to its average volume of 2,284,333. The firm’s 50 day moving average is $45.91 and its 200 day moving average is $39.93. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market cap of $14.72 billion, a P/E ratio of -24.04, a P/E/G ratio of 0.95 and a beta of 1.77. 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 announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business’s revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. Analysts predict that The Carlyle Group will post 3.97 EPS 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 business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

A number of hedge funds have recently made changes to their positions in CG. SG Americas Securities LLC bought a new stake in shares of The Carlyle Group in the third quarter worth $755,000. Asset Management One Co. Ltd. increased its stake in shares of The Carlyle Group by 13.9% in the third quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock worth $2,544,000 after buying an additional 10,317 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of The Carlyle Group by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock worth $3,293,000 after buying an additional 821 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of The Carlyle Group by 36.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock worth $972,000 after buying an additional 8,664 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in The Carlyle Group by 21.0% in the third quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock worth $13,378,000 after purchasing an additional 76,888 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Company Profile

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.