The Carlyle Group (NASDAQ:CG) Stock Rating Upgraded by Wolfe Research

The Carlyle Group (NASDAQ:CG - Get Free Report) was upgraded by equities researchers at Wolfe Research from a "peer perform" rating to an "outperform" rating in a report released on Friday, MarketBeat reports. The firm presently has a $60.00 price target on the financial services provider's stock. Wolfe Research's target price suggests a potential upside of 15.76% from the company's current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, November 8th. Evercore ISI upped their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a research report on Monday, October 14th. StockNews.com lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Sunday, December 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $54.38.

The Carlyle Group Stock Up 2.2 %

NASDAQ CG traded up $1.10 during mid-day trading on Friday, reaching $51.83. 1,943,695 shares of the company's stock traded hands, compared to its average volume of 1,923,248. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $55.11. The company has a fifty day simple moving average of $51.70 and a 200-day simple moving average of $45.93. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 178.72, a P/E/G ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period last year, the business earned $0.87 EPS. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that The Carlyle Group will post 3.77 EPS for the current year.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel A. D'aniello sold 495,542 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 over the last ninety days. 27.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CG. Ariel Investments LLC increased its position in shares of The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock worth $198,250,000 after acquiring an additional 54,805 shares in the last quarter. FMR LLC raised its stake in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after purchasing an additional 1,707,520 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider's stock worth $90,999,000 after buying an additional 137,541 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after buying an additional 391,553 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after buying an additional 777,304 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

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.