The Carlyle Group (NASDAQ:CG) Hits New 52-Week High – What’s Next?

The Carlyle Group Inc. (NASDAQ:CG) reached a new 52-week high during trading on Wednesday . The company traded as high as $57.39 and last traded at $57.28, with a volume of 478 shares changing hands. The stock had previously closed at $56.95.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. TD Cowen raised their target price on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods raised their price objective on shares of 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. Evercore ISI upped their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Morgan Stanley raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Barclays increased their price objective on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.44.

The Carlyle Group Stock Performance

The company has a market cap of $20.14 billion, a PE ratio of 194.17, a P/E/G ratio of 0.99 and a beta of 1.69. The stock’s 50-day simple moving average is $52.88 and its 200 day simple moving average is $47.85. 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 Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.8 EPS for the current year.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction 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 sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 27.20% of the stock is owned by company insiders.

Institutional Trading of The Carlyle Group

A number of hedge funds have recently bought and sold shares of the company. J.W. Cole Advisors Inc. purchased a new stake in The Carlyle Group in the 4th quarter valued at about $275,000. Principal Securities Inc. grew its holdings in The Carlyle Group by 54.5% in the fourth quarter. Principal Securities Inc. now owns 1,403 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 495 shares during the period. Everhart Financial Group Inc. raised its stake in The Carlyle Group by 14.5% during the fourth quarter. Everhart Financial Group Inc. now owns 6,969 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 881 shares during the period. Rhumbline Advisers boosted its holdings in shares of The Carlyle Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 605,842 shares of the financial services provider’s stock valued at $30,589,000 after purchasing an additional 7,218 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new stake in shares of The Carlyle Group during the 4th quarter worth $215,000. 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.