The Carlyle Group (NASDAQ:CG) Hits New 52-Week High at $48.66

The Carlyle Group Inc. (NASDAQ:CG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.66 and last traded at $48.36, with a volume of 46438 shares traded. The stock had previously closed at $47.55.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CG shares. Oppenheimer dropped their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Barclays raised their price target on shares of The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Jefferies Financial Group lowered their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, TD Cowen reduced their price objective on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus target price of $45.20.

The Carlyle Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The company’s 50-day moving average is $42.35 and its two-hundred day moving average is $43.47.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. On average, research analysts expect that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the transaction, the insider now owns 12,395,920 shares of the company’s stock, valued at approximately $498,687,861.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 1,468,847 shares of company stock valued at $51,024,340. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds have recently made changes to their positions in the business. Tobam acquired a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $27,000. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the 1st quarter worth approximately $34,000. Blue Trust Inc. increased its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of The Carlyle Group in the fourth quarter worth approximately $38,000. Institutional investors and hedge funds 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.