The Carlyle Group (NASDAQ:CG) Given New $55.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG) had its price objective decreased by Barclays from $60.00 to $55.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the company. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. UBS Group raised their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $54.93.

The Carlyle Group Stock Performance

NASDAQ CG opened at $49.95 on Wednesday. The stock has a market cap of $17.87 billion, a PE ratio of 172.24, a P/E/G ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a 50-day moving average of $52.74 and a 200-day moving average of $48.26. The Carlyle Group has a 52-week low of $36.65 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. On average, sell-side analysts anticipate that The Carlyle Group will post 3.73 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds have recently made changes to their positions in CG. ExodusPoint Capital Management LP lifted its stake in The Carlyle Group by 2.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 47,372 shares of the financial services provider’s stock valued at $2,392,000 after purchasing an additional 1,062 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of The Carlyle Group by 40.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 15,988 shares of the financial services provider’s stock worth $807,000 after buying an additional 4,619 shares in the last quarter. Cinctive Capital Management LP lifted its stake in shares of The Carlyle Group by 180.6% in the 4th quarter. Cinctive Capital Management LP now owns 191,405 shares of the financial services provider’s stock valued at $9,664,000 after acquiring an additional 123,184 shares during the last quarter. Intrepid Capital Management Inc. grew its position in The Carlyle Group by 4.8% during the 4th quarter. Intrepid Capital Management Inc. now owns 15,735 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 717 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in The Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.