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

The Carlyle Group (NASDAQ:CG) had its target price increased by JPMorgan Chase & Co. from $44.00 to $50.00 in a report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on CG. Barclays upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods lowered their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Redburn Atlantic assumed coverage on shares of 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. Wells Fargo & Company upped their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer upped their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.33.

The Carlyle Group Stock Performance

Shares of CG opened at $49.25 on Wednesday. The firm has a 50-day moving average of $42.94 and a 200-day moving average of $42.97. The Carlyle Group has a one year low of $27.13 and a one year high of $52.73. The company has a market cap of $17.72 billion, a PE ratio of -27.51, 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 (NASDAQ:CG) last announced its 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s quarterly revenue was up 131.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts forecast that The Carlyle Group will post 3.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 158,090 shares of The Carlyle Group stock in a transaction dated 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 completion of the transaction, the insider now directly owns 9,444,215 shares in the company, valued at $366,907,752.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 2,468,726 shares of company stock worth $35,363,315. 27.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CG. Capital World Investors raised its position 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 worth $940,687,000 after acquiring an additional 79,681 shares during the period. William Blair Investment Management LLC raised its position in The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after acquiring an additional 721,608 shares during the period. Ariel Investments LLC raised its position in The Carlyle Group by 1.1% in 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 during the period. Capital International Investors bought a new stake in The Carlyle Group in the first quarter worth about $142,511,000. Finally, Bank of New York Mellon Corp raised its position 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 acquiring an additional 55,662 shares during the period. 55.88% of the stock is owned by institutional investors.

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.