The Carlyle Group (NASDAQ:CG) Price Target Lowered to $58.00 at JMP Securities

The Carlyle Group (NASDAQ:CG - Get Free Report) had its price objective dropped by stock analysts at JMP Securities from $62.00 to $58.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' price target points to a potential upside of 60.09% from the company's previous close.

A number of other research firms have also recently weighed in on CG. Evercore ISI lifted their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a report on Wednesday, February 12th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. StockNews.com lowered The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Barclays cut their price target on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $51.06.

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The Carlyle Group Stock Performance

Shares of CG stock traded down $0.40 on Tuesday, hitting $36.23. The company had a trading volume of 4,744,812 shares, compared to its average volume of 2,519,243. The Carlyle Group has a twelve month low of $33.02 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The firm has a market cap of $13.09 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company has a 50-day moving average price of $45.25 and a 200-day moving average price of $49.22.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results 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 net margin of 18.81% and a return on equity of 24.02%. As a group, equities research analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Korea Investment CORP raised its position in shares of The Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after buying an additional 36,873 shares during the period. JPMorgan Chase & Co. raised its position in The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after purchasing an additional 777,304 shares during the period. Sargent Investment Group LLC lifted its stake in shares of The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock valued at $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $17,671,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after buying an additional 14,024 shares during the period. 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.