The Carlyle Group (NASDAQ:CG) Given New $48.00 Price Target at The Goldman Sachs Group

The Carlyle Group (NASDAQ:CG) had its price objective cut by stock analysts at The Goldman Sachs Group from $54.00 to $48.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 18.58% from the company’s previous close.

A number of other equities research analysts have also recently commented on CG. JMP Securities increased their target price on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Oppenheimer dropped their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group increased their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Citigroup upped their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.63.

The Carlyle Group Trading Down 1.2 %

Shares of The Carlyle Group stock traded down $0.49 during midday trading on Thursday, reaching $40.48. The company had a trading volume of 1,212,118 shares, compared to its average volume of 2,272,897. The Carlyle Group has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a fifty day moving average price of $45.91 and a 200 day moving average price of $39.93. The firm has a market cap of $14.66 billion, a PE ratio of -24.01, a P/E/G ratio of 0.95 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period last year, the firm earned $0.63 EPS. The Carlyle Group’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities analysts anticipate that The Carlyle Group will post 3.97 earnings per share for the current year.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 27.20% of the stock is owned by insiders.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the stock. SYSTM Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group during the first quarter worth $34,000. Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% in the first 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. CVA Family Office LLC bought a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $38,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of The Carlyle Group during the first quarter valued at $57,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.