The Carlyle Group (NASDAQ:CG) Price Target Raised to $50.00 at JPMorgan Chase & Co.

The Carlyle Group (NASDAQ:CG - Get Free Report) had its target price upped by investment analysts at JPMorgan Chase & Co. from $44.00 to $50.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 1.52% from the stock's previous close.

CG has been the topic of several other research reports. Evercore ISI raised their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. TD Cowen raised their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a "hold" rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. JMP Securities reaffirmed a "market outperform" rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.33.

The Carlyle Group Stock Down 1.0 %

Shares of NASDAQ CG traded down $0.50 during mid-day trading on Wednesday, hitting $49.25. The company had a trading volume of 1,563,025 shares, compared to its average volume of 2,332,846. The company has a market capitalization of $17.72 billion, a PE ratio of -27.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $52.73. The business's 50-day simple moving average is $42.94 and its 200 day simple moving average is $42.97.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The firm's revenue was up 131.5% on a year-over-year basis. On average, analysts predict that The Carlyle Group will post 3.76 earnings per share for the current year.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 158,090 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $38.85, for a total transaction of $6,141,796.50. Following the sale, the insider now owns 9,444,215 shares in the company, valued at approximately $366,907,752.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 2,468,726 shares of company stock valued at $35,363,315 over the last quarter. Corporate insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On The Carlyle Group

A number of large investors have recently bought and sold shares of CG. Capital International Investors purchased a new position in The Carlyle Group during the first quarter worth approximately $142,511,000. Boston Partners purchased a new position in shares of The Carlyle Group in the 1st quarter valued at $109,122,000. Massachusetts Financial Services Co. MA raised its stake in shares of The Carlyle Group by 17,468.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider's stock valued at $68,887,000 after acquiring an additional 1,705,982 shares during the period. Marshall Wace LLP purchased a new position in shares of The Carlyle Group in the 2nd quarter valued at $37,009,000. Finally, William Blair Investment Management LLC raised its stake in shares of The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider's stock valued at $554,448,000 after acquiring an additional 721,608 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

About The Carlyle Group

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.