The Carlyle Group (NASDAQ:CG) Price Target Cut to $45.00

The Carlyle Group (NASDAQ:CG) had its target price lowered by equities research analysts at TD Cowen from $49.00 to $45.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 11.19% from the stock’s current price.

CG has been the topic of a number of other research reports. The Goldman Sachs Group cut their target price on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday. JMP Securities increased their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. Oppenheimer reduced their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Finally, Barclays raised their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.81.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.50 on Thursday, reaching $40.47. The stock had a trading volume of 1,828,273 shares, compared to its average volume of 2,280,080. The stock has a market cap of $14.65 billion, a P/E ratio of -23.96, a price-to-earnings-growth ratio of 0.95 and a beta of 1.77. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The company has a 50 day simple moving average of $45.91 and a 200 day simple moving average of $39.93. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52.

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

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group 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, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several hedge funds have recently added to or reduced their stakes in CG. GAMMA Investing LLC grew its stake in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares in the last quarter. Riverwater Partners LLC increased its holdings in shares of The Carlyle Group by 1.1% during the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 228 shares during the last quarter. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 247 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of The Carlyle Group by 11.5% in the first quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 251 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of The Carlyle Group by 0.6% in the first quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 293 shares during the last quarter. Institutional investors and hedge funds 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.