The Carlyle Group (NASDAQ:CG) Given New $42.00 Price Target at TD Cowen

The Carlyle Group (NASDAQ:CG) had its target price hoisted by equities researchers at TD Cowen from $41.00 to $42.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 5.16% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group dropped their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Carlyle Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer lowered their price target on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $44.00 in a research note on Tuesday. Finally, UBS Group reduced their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.57.

The Carlyle Group Stock Down 2.4 %

Shares of The Carlyle Group stock traded down $0.97 on Tuesday, hitting $39.94. The company had a trading volume of 2,473,951 shares, compared to its average volume of 2,266,356. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a 50-day moving average of $42.55 and a 200-day moving average of $43.73. The firm has a market capitalization of $14.37 billion, a P/E ratio of -22.31, a P/E/G ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same period in the prior year, the business earned $0.88 earnings per share. The Carlyle Group’s revenue was up 131.5% compared to the same quarter last year. Research analysts predict that The Carlyle Group will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the transaction, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 2,065,207 shares of company stock worth $74,807,347. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 215 shares during the last quarter. Riverwater Partners LLC grew its holdings in shares of The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 228 shares in the last quarter. Global Retirement Partners LLC lifted its holdings 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 acquiring an additional 247 shares during the period. Fifth Third Bancorp grew its stake in The Carlyle Group by 11.5% in the 1st 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 period. Finally, Retirement Planning Co of New England Inc. increased its position in shares of The Carlyle Group by 2.5% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.