The Carlyle Group Inc. (NASDAQ:CG) Given Consensus Rating of “Hold” by Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG) have earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $54.44.

Several analysts have weighed in on CG shares. JPMorgan Chase & Co. boosted their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its holdings in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at approximately $33,000. Finally, Tobam lifted its holdings in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Down 0.3 %

Shares of NASDAQ:CG opened at $56.16 on Monday. The Carlyle Group has a 52 week low of $36.65 and a 52 week high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company’s fifty day moving average is $52.93 and its 200-day moving average is $47.96. The company has a market capitalization of $20.09 billion, a PE ratio of 193.66, a P/E/G ratio of 0.99 and a beta of 1.69.

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, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Equities research analysts predict that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

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.