The Carlyle Group (NASDAQ:CG) Rating Reiterated by Keefe, Bruyette & Woods

The Carlyle Group (NASDAQ:CG)‘s stock had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Benzinga reports. They currently have a $48.00 target price on the financial services provider’s stock, down from their previous target price of $50.00. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 16.90% from the stock’s current price.

CG has been the subject of a number of other reports. UBS Group raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Citigroup increased their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. TD Cowen initiated coverage on The Carlyle Group in a report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective on the stock. Barclays boosted their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average target price of $44.25.

The Carlyle Group Trading Up 1.2 %

The Carlyle Group stock traded up $0.48 during midday trading on Thursday, hitting $41.06. 2,767,766 shares of the stock were exchanged, compared to its average volume of 2,097,171. The stock has a market capitalization of $14.87 billion, a PE ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77. The Carlyle Group has a 52 week low of $25.20 and a 52 week high of $48.52. The company has a fifty day simple moving average of $45.75 and a two-hundred day simple moving average of $40.02. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

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

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. SYSTM Wealth Solutions LLC purchased a new stake in The Carlyle Group in the first quarter worth about $34,000. CVA Family Office LLC bought a new stake in The Carlyle Group in the fourth quarter worth $35,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $38,000. Global Retirement Partners LLC lifted its stake in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares during the period. Finally, Clear Street Markets LLC bought a new stake in The Carlyle Group during the third quarter valued at about $50,000. Hedge funds and other 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.