The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $54.00 and last traded at $53.07, with a volume of 82512 shares traded. The stock had previously closed at $49.46.
Wall Street Analyst Weigh In
Several research firms have weighed in on CG. Deutsche Bank Aktiengesellschaft reduced their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Barclays upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, October 7th. TD Cowen upped 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. Morgan Stanley boosted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Evercore ISI lifted their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.33.
Read Our Latest Stock Analysis on CG
The Carlyle Group Stock Down 3.5 %
The Carlyle Group (NASDAQ:CG – Get Free Report) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business’s quarterly revenue was up 131.5% on a year-over-year basis. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.
Insider Buying and Selling at The Carlyle Group
In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 92,905 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the completion of the sale, the insider now owns 3,155,461 shares in the company, valued at approximately $7,162,896.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 1,676,014 shares of company stock valued at $3,687,196. Company insiders own 27.20% of the company’s stock.
Hedge Funds Weigh In On The Carlyle Group
Hedge funds have recently bought and sold shares of the company. Tobam purchased a new position in The Carlyle Group in the second quarter valued at about $27,000. Blue Trust Inc. lifted its stake in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. 1832 Asset Management L.P. bought a new position in The Carlyle Group during the first quarter valued at $55,000. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group in the second quarter valued at $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares during the period. 55.88% of the stock is 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.
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