The Carlyle Group (NASDAQ:CG) Price Target Raised to $49.00 at TD Cowen

The Carlyle Group (NASDAQ:CG) had its price objective hoisted by analysts at TD Cowen from $43.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective suggests a potential downside of 6.36% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group lifted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Redburn Atlantic initiated coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday. Evercore ISI increased their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.87.

The Carlyle Group Stock Down 0.0 %

The Carlyle Group stock opened at $52.33 on Friday. The company’s 50-day moving average price is $45.62 and its two-hundred day moving average price is $43.44. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of -46.72, a PEG ratio of 1.38 and a beta of 1.70. The Carlyle Group has a 52 week low of $29.29 and a 52 week high of $54.52. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts expect that The Carlyle Group will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 1,676,014 shares of company stock valued at $3,687,196 over the last three months. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently bought and sold shares of the stock. Tobam acquired a new position in shares of The Carlyle Group during the second quarter valued at about $27,000. Blue Trust Inc. raised its holdings in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. bought a new position in The Carlyle Group in the first quarter worth $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.