The Carlyle Group (NASDAQ:CG) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of The Carlyle Group (NASDAQ:CG) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $42.00 price target on the financial services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 4.87% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Redburn Atlantic began coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. TD Cowen lifted their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, UBS Group dropped their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.81.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $40.05 on Thursday. The Carlyle Group has a one year low of $27.13 and a one year high of $50.92. 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 company has a market cap of $14.27 billion, a price-to-earnings ratio of -22.37, a PEG ratio of 1.13 and a beta of 1.73. The business’s 50 day moving average price is $41.86 and its 200 day moving average price is $43.10.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. On average, research analysts predict that The Carlyle Group will post 3.76 EPS for the current year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 67,207 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $34.89, for a total transaction of $2,344,852.23. Following the completion of the transaction, the insider now directly owns 11,908,315 shares of the company’s stock, valued at approximately $415,481,110.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 2,069,315 shares of company stock valued at $75,483,527. 27.20% of the stock is currently owned by corporate insiders.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tobam purchased a new stake in The Carlyle Group during the 2nd quarter valued at approximately $27,000. Blue Trust Inc. raised its stake in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in The Carlyle Group during the 1st quarter valued at approximately $34,000. Global Retirement Partners LLC raised its stake in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in The Carlyle Group during the 2nd quarter valued at approximately $50,000. 55.88% of the stock is owned by hedge funds and other 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.