The Carlyle Group (NASDAQ:CG) Price Target Raised to $57.00 at Barclays

The Carlyle Group (NASDAQ:CG - Get Free Report) had its price target raised by Barclays from $50.00 to $57.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Barclays's price objective indicates a potential upside of 8.92% from the company's current price.

Several other research firms have also recently weighed in on CG. Redburn Atlantic initiated coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a "buy" rating and a $55.00 price objective for the company. Morgan Stanley increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted 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. 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 report on Friday. Finally, UBS Group boosted their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has an average rating of "Hold" and a consensus target price of $52.87.

The Carlyle Group Price Performance

NASDAQ:CG traded down $0.02 during trading hours on Friday, reaching $52.33. The company's stock had a trading volume of 3,324,443 shares, compared to its average volume of 2,513,819. The Carlyle Group has a one year low of $29.29 and a one year high of $54.52. The business's 50-day moving average is $45.62 and its 200-day moving average is $43.46. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period in the previous year, the company earned $0.87 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts anticipate that The Carlyle Group will post 3.71 EPS for the current year.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the business's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares of the company's stock, valued at approximately $11,966,919.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,676,014 shares of company stock worth $3,687,196 in the last quarter. 27.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its holdings in The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider's stock valued at $940,687,000 after buying an additional 79,681 shares during the period. William Blair Investment Management LLC grew its position in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider's stock worth $554,448,000 after buying an additional 721,608 shares during the period. Ariel Investments LLC raised its position in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock valued at $198,250,000 after acquiring an additional 54,805 shares during the period. Capital International Investors bought a new position in The Carlyle Group during the 1st quarter worth approximately $142,511,000. Finally, Bank of New York Mellon Corp raised its holdings in The Carlyle Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider's stock worth $109,524,000 after purchasing an additional 55,662 shares during the period. 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.