UBS Group Boosts The Carlyle Group (NASDAQ:CG) Price Target to $54.00

The Carlyle Group (NASDAQ:CG) had its target price lifted by UBS Group from $43.00 to $54.00 in a research note published on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

CG has been the topic of several other research reports. Redburn Atlantic started coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. Barclays raised 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 note on Monday, October 7th. Morgan Stanley raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Oppenheimer lifted their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average target price of $51.33.

The Carlyle Group Price Performance

Shares of CG opened at $50.11 on Tuesday. The firm has a market cap of $18.03 billion, a PE ratio of -27.99, a PEG ratio of 1.25 and a beta of 1.73. The firm’s 50 day moving average price is $43.27 and its 200 day moving average price is $43.06. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $52.73.

The Carlyle Group (NASDAQ:CG) 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 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 for the quarter, compared to analyst estimates of $808.73 million. During the same quarter last year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. As a group, research analysts expect that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 78,180 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the completion of the sale, the insider now directly owns 8,441,022 shares of the company’s stock, valued at approximately $337,134,418.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 2,364,800 shares of company stock valued at $31,305,005. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the stock. Investment Partners Asset Management Inc. acquired a new position in shares of The Carlyle Group during the 3rd quarter worth about $202,000. State of Alaska Department of Revenue grew its position in shares of The Carlyle Group by 4.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,425 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 940 shares during the period. DekaBank Deutsche Girozentrale grew its position 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 purchasing an additional 3,850 shares during the period. Forsta AP Fonden grew its position in shares of The Carlyle Group by 14.3% in the 3rd quarter. Forsta AP Fonden now owns 73,500 shares of the financial services provider’s stock valued at $3,165,000 after purchasing an additional 9,200 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of The Carlyle Group by 40.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,931 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 5,694 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.