The Carlyle Group (NASDAQ:CG) Price Target Lowered to $54.00 at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price target lowered by Wells Fargo & Company from $56.00 to $54.00 in a research report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages also recently issued reports on CG. Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Oppenheimer boosted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Finally, Barclays decreased their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $49.95 on Wednesday. The business has a 50 day simple moving average of $52.74 and a 200-day simple moving average of $48.26. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $57.50. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $17.87 billion, a PE ratio of 172.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. Equities analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after acquiring an additional 777,304 shares during the last quarter. Sargent Investment Group LLC boosted its stake in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group during the fourth quarter worth about $17,671,000. Empowered Funds LLC lifted its stake in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock valued at $6,789,000 after buying an additional 128,644 shares during the period. Finally, Blue Trust Inc. boosted its position in The Carlyle Group by 26.9% during the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 514 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.