The Carlyle Group (NASDAQ:CG) Upgraded by Wolfe Research to “Outperform” Rating

The Carlyle Group (NASDAQ:CG) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat.com reports. The firm presently has a $60.00 price target on the financial services provider’s stock. Wolfe Research’s target price would suggest a potential upside of 15.76% from the company’s current price.

Several other equities analysts have also weighed in on the company. Morgan Stanley raised their target price 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. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Barclays increased their price target on The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus price target of $54.38.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $51.83 on Friday. The Carlyle Group has a one year low of $36.65 and a one year high of $55.11. The business’s 50-day moving average price is $51.73 and its two-hundred day moving average price is $46.07. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $18.54 billion, a P/E ratio of 178.72, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts anticipate that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 over the last quarter. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the business. Brooklyn Investment Group bought a new stake in The Carlyle Group during the 3rd quarter worth about $33,000. Tobam grew its stake in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of The Carlyle Group in the second quarter valued at approximately $50,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in 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 buying an additional 1,600 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares during the period. 55.88% of the stock is currently owned by 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.