The Carlyle Group (NASDAQ:CG) Research Coverage Started at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of The Carlyle Group (NASDAQ:CG) in a research note issued on Thursday, Briefing.com reports. The firm set an “equal weight” rating and a $42.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.26% from the company’s current price.

A number of other research firms also recently commented on CG. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Barclays lowered their price objective on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. TD Cowen raised their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Oppenheimer reduced their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.81.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $37.75 on Thursday. The Carlyle Group has a 52-week low of $27.13 and a 52-week high of $50.92. The company’s 50 day moving average is $41.90 and its two-hundred day moving average is $43.16. The firm has a market cap of $13.59 billion, a PE ratio of -21.09, a price-to-earnings-growth ratio of 1.12 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 (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, research analysts expect that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 99,642 shares of The Carlyle Group stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $35.99, for a total transaction of $3,586,115.58. Following the completion of the sale, the insider now directly owns 12,024,063 shares in the company, valued at $432,746,027.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 2,197,296 shares of company stock worth $80,115,160 over the last ninety days. 27.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares during the period. Riverwater Partners LLC grew its stake in The Carlyle Group by 1.1% during the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 228 shares during the period. Global Retirement Partners LLC grew its stake in The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. Retirement Planning Co of New England Inc. grew its stake in The Carlyle Group by 2.5% during the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after buying an additional 271 shares during the period. Finally, Intrepid Capital Management Inc. lifted its position in shares of The Carlyle Group by 2.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 305 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.