JMP Securities Reiterates Market Outperform Rating for The Carlyle Group (NASDAQ:CG)

The Carlyle Group (NASDAQ:CG)‘s stock had its “market outperform” rating reissued by JMP Securities in a research report issued on Wednesday, Benzinga reports. They presently have a $60.00 price objective on the financial services provider’s stock. JMP Securities’ price target would suggest a potential upside of 27.82% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Barclays boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer cut their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Finally, Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $48.33.

The Carlyle Group Stock Performance

NASDAQ CG opened at $46.94 on Wednesday. The firm’s fifty day moving average price is $41.38 and its two-hundred day moving average price is $42.84. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $50.92. The firm has a market capitalization of $16.89 billion, a P/E ratio of -26.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. 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 announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the firm earned $0.88 EPS. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, research analysts anticipate that The Carlyle Group will post 3.76 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 1,504,788 shares of company stock worth $52,772,622. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC raised its stake in shares of The Carlyle Group by 238.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 820,615 shares of the financial services provider’s stock worth $33,391,000 after purchasing an additional 578,142 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in shares of The Carlyle Group during the 4th quarter valued at approximately $3,092,000. Virtu Financial LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $630,000. Abel Hall LLC bought a new stake in shares of The Carlyle Group in the fourth quarter valued at $211,000. Finally, American International Group Inc. lifted its position in shares of The Carlyle Group by 16,334.3% during the 4th quarter. American International Group Inc. now owns 292,367 shares of the financial services provider’s stock valued at $11,896,000 after buying an additional 290,588 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

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.