Evercore ISI Boosts The Carlyle Group (NASDAQ:CG) Price Target to $47.00

The Carlyle Group (NASDAQ:CG) had its price objective hoisted by investment analysts at Evercore ISI from $45.00 to $47.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential downside of 3.29% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Morgan Stanley boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price 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. JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. 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. Finally, Oppenheimer reduced their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.33.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $48.60 on Monday. The firm’s 50-day moving average price is $41.80 and its 200-day moving average price is $42.82. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $50.92. The firm has a market capitalization of $17.49 billion, a P/E ratio of -27.15, a P/E/G ratio of 1.25 and a beta of 1.73. 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 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 the consensus estimate of $0.83 by ($0.05). The business 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 company’s revenue was up 131.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities research analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 135,241 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $35.31, for a total transaction of $4,775,359.71. Following the sale, the insider now directly owns 10,427,317 shares in the company, valued at approximately $368,188,563.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 2,609,335 shares of company stock worth $50,141,281. 27.20% of the stock is owned by corporate insiders.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Tobam purchased a new stake in The Carlyle Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 643 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of The Carlyle Group during the 2nd quarter valued at $50,000. GAMMA Investing LLC grew its holdings in shares of The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of The Carlyle Group during the 1st quarter valued at $55,000. 55.88% of the stock is currently 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.