The Carlyle Group (NASDAQ:CG) Price Target Cut to $68.00

The Carlyle Group (NASDAQ:CG) had its target price cut by Oppenheimer from $74.00 to $68.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 65.61% from the company’s previous close.

CG has been the subject of a number of other research reports. UBS Group increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. TD Cowen assumed coverage on The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Barclays increased their price target on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Finally, JMP Securities lifted their target price on shares of 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. One 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 stock. Based on data from MarketBeat, The Carlyle Group has an average rating of “Hold” and a consensus price target of $44.25.

The Carlyle Group Trading Up 1.2 %

CG stock traded up $0.48 during mid-day trading on Thursday, reaching $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The firm has a 50 day moving average of $45.75 and a 200 day moving average of $40.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. 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 PE 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 quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. On average, equities analysts predict that The Carlyle Group will post 3.98 earnings per share for the current fiscal year.

Insider Transactions 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 acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC raised its position in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after purchasing an additional 3,524,794 shares during the period. Norges Bank acquired a new position in The Carlyle Group in the fourth quarter valued at about $130,771,000. Vanguard Group Inc. boosted its stake in The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after buying an additional 1,756,189 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of The Carlyle Group by 194.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after acquiring an additional 1,712,133 shares during the period. Finally, SeaTown Holdings Pte. Ltd. acquired a new position in shares of The Carlyle Group in the 3rd quarter worth approximately $29,949,000. 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.