JPMorgan Chase & Co. Increases The Carlyle Group (NASDAQ:CG) Price Target to $50.00

The Carlyle Group (NASDAQ:CG) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $44.00 to $50.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 1.19% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Oppenheimer increased their price target on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Wells Fargo & Company upped their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $51.33.

The Carlyle Group Price Performance

CG stock traded down $0.34 during midday trading on Wednesday, hitting $49.41. The company’s stock had a trading volume of 443,736 shares, compared to its average volume of 2,327,386. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of -27.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $52.73. The company has a 50 day moving average of $42.94 and a two-hundred day moving average of $42.97.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same period in the previous year, the business posted $0.88 earnings per share. The business’s revenue was up 131.5% on a year-over-year basis. On average, analysts expect that The Carlyle Group will post 3.76 EPS for the current year.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 275,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 2,468,726 shares of company stock valued at $35,363,315 in the last 90 days. Company insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CG. Tobam purchased a new position in The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. increased its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the second quarter worth about $50,000. 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group during the first quarter worth about $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.