The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $51.33.

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Barclays increased their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Evercore ISI raised their price target on 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. Finally, Redburn Atlantic began coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock.

The Carlyle Group Trading Up 0.2 %

Shares of CG opened at $50.22 on Friday. The firm’s 50-day moving average is $43.46 and its two-hundred day moving average is $43.08. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $52.73. 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 firm has a market capitalization of $18.07 billion, a P/E ratio of -28.06, a PEG ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share 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 analysts’ expectations 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 business’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. On average, research analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 164,877 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.11, for a total transaction of $6,448,339.47. Following the completion of the sale, the insider now directly owns 9,128,748 shares of the company’s stock, valued at $357,025,334.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 2,364,800 shares of company stock worth $31,305,005 in the last three months. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 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 valued at $940,687,000 after purchasing an additional 79,681 shares during the period. William Blair Investment Management LLC raised its holdings 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 valued at $554,448,000 after buying an additional 721,608 shares during the period. Ariel Investments LLC boosted its holdings in 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 worth $198,250,000 after acquiring an additional 54,805 shares during the period. Capital International Investors acquired a new stake in The Carlyle Group in the first quarter valued at approximately $142,511,000. Finally, Bank of New York Mellon Corp lifted its position in shares of The Carlyle Group by 2.1% during 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 in the last quarter. Institutional investors and hedge funds 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.