The Carlyle Group (NASDAQ:CG) Stock Price Expected to Rise, Barclays Analyst Says

The Carlyle Group (NASDAQ:CG - Get Free Report) had its target price upped by Barclays from $59.00 to $60.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's price target indicates a potential upside of 19.36% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a report on Sunday, December 8th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. TD Cowen increased their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Evercore ISI increased their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $54.44.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $0.05 during trading on Monday, hitting $50.27. 989,558 shares of the company's stock traded hands, compared to its average volume of 1,880,215. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $55.11. 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 cap of $17.98 billion, a PE ratio of 173.34, a PEG ratio of 1.45 and a beta of 1.69. The firm's fifty day moving average price is $51.85 and its 200 day moving average price is $46.52.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. Analysts forecast that The Carlyle Group will post 3.77 earnings per share for the current year.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares of the company's stock, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the third quarter worth approximately $33,000. Tobam lifted its holdings in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider's stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in The Carlyle Group by 1,600.0% in the third 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 in the last quarter. Blue Trust Inc. raised its position in The Carlyle Group by 147.9% during the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 1,139 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in The Carlyle Group during the second quarter worth about $126,000. Hedge funds and other institutional investors 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.