The Carlyle Group Inc. (NASDAQ:CG) Given Average Recommendation of "Hold" by Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have received an average rating of "Hold" from the fifteen research firms that are covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $51.33.

A number of equities research analysts have issued reports on the company. JMP Securities reaffirmed a "market outperform" rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday. Oppenheimer boosted their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 15th.

The Carlyle Group Stock Up 0.2 %

Shares of The Carlyle Group stock traded up $0.11 on Friday, hitting $50.22. 1,236,989 shares of the company traded hands, compared to its average volume of 2,320,407. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $52.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a market cap of $18.07 billion, a PE ratio of -28.06, a PEG ratio of 1.25 and a beta of 1.73. The company has a 50-day moving average price of $43.46 and a 200 day moving average price of $43.08.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company's quarterly revenue was up 131.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side 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 924,466 shares of the business's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 2,364,800 shares of company stock worth $31,305,005. 27.20% of the stock is currently owned by corporate insiders.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in CG. Cutter & CO Brokerage Inc. acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $219,000. abrdn plc grew its holdings in The Carlyle Group by 58.5% during the third quarter. abrdn plc now owns 71,044 shares of the financial services provider's stock valued at $3,059,000 after purchasing an additional 26,228 shares during the period. Investment Partners Asset Management Inc. bought a new stake in The Carlyle Group in the third quarter valued at approximately $202,000. State of Alaska Department of Revenue raised its holdings in The Carlyle Group by 4.0% in the third quarter. State of Alaska Department of Revenue now owns 24,425 shares of the financial services provider's stock worth $1,051,000 after purchasing an additional 940 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of The Carlyle Group by 10.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 42,023 shares of the financial services provider's stock valued at $1,809,000 after buying an additional 3,850 shares during the period. 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.