The Carlyle Group (NASDAQ:CG) Given New $55.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG) had its target price lowered by investment analysts at Barclays from $60.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 10.93% from the stock’s previous close.

Other research analysts also recently issued reports about the company. TD Cowen raised their price objective on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods raised their price objective 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. UBS Group lifted their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, Oppenheimer lifted their price target on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.73.

The Carlyle Group Stock Down 3.7 %

CG opened at $49.58 on Wednesday. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The business has a 50-day moving average of $52.79 and a 200-day moving average of $48.25. 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 company has a market capitalization of $17.73 billion, a PE ratio of 170.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the company. National Pension Service bought a new stake in shares of The Carlyle Group during the fourth quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. increased its holdings in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in The Carlyle Group in the third quarter valued at about $33,000. Institutional investors 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.