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

The Carlyle Group (NASDAQ:CG) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $44.00 to $50.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.22% from the stock’s current price.

A number of other brokerages have also recently issued reports on CG. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Oppenheimer lifted their price objective on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Nine investment 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 presently has an average rating of “Hold” and a consensus price target of $51.33.

The Carlyle Group Trading Up 1.7 %

CG opened at $50.11 on Wednesday. The stock 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 company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The business has a 50 day moving average of $43.27 and a 200-day moving average of $43.06. The Carlyle Group has a 52 week low of $27.13 and a 52 week high of $52.73.

The Carlyle Group (NASDAQ:CG) last released 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 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 company’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. Equities research analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of The Carlyle Group stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total value of $3,122,509.20. Following the completion of the sale, the insider now owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,364,800 shares of company stock valued at $31,305,005 over the last 90 days. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC lifted its position in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 208 shares in the last quarter. Tobam lifted its position in shares of The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 220 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its position in shares of The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 271 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in shares of The Carlyle Group by 14.7% in the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 313 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of The Carlyle Group by 0.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after acquiring an additional 318 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other 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.