Barclays Lowers The Carlyle Group (NASDAQ:CG) Price Target to $47.00

The Carlyle Group (NASDAQ:CG) had its price target cut by Barclays from $56.00 to $47.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 14.47% from the stock’s current price.

Several other research firms have also recently weighed in on CG. TD Cowen decreased their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday. JMP Securities lifted their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. UBS Group lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

The Carlyle Group stock traded up $0.48 during mid-day trading on Thursday, reaching $41.06. The company’s stock had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The business’s 50 day simple moving average is $45.75 and its 200 day simple moving average is $40.02. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The Carlyle Group has a 12 month low of $25.20 and a 12 month high of $48.52. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, research analysts anticipate that The Carlyle Group will post 3.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter worth approximately $755,000. Asset Management One Co. Ltd. raised its position in The Carlyle Group by 13.9% during the third quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock valued at $2,544,000 after purchasing an additional 10,317 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in The Carlyle Group by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock worth $3,293,000 after purchasing an additional 821 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of The Carlyle Group by 36.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 8,664 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of The Carlyle Group by 21.0% during the 3rd quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock worth $13,378,000 after buying an additional 76,888 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.