The Carlyle Group (NASDAQ:CG) Given New $54.00 Price Target at UBS Group

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

Other analysts also recently issued reports about the stock. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Evercore ISI upped their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lowered their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $50.93.

The Carlyle Group Stock Down 3.1 %

NASDAQ:CG opened at $49.75 on Tuesday. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $52.73. The firm’s 50-day moving average price is $42.76 and its 200-day moving average price is $42.95. The company has a market capitalization of $17.90 billion, a PE ratio of -27.79, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 131.5% compared to the same quarter last year. On average, equities analysts predict that The Carlyle Group will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, the insider now directly owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 2,468,726 shares of company stock valued at $35,363,315. 27.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors have recently added to or reduced their stakes in CG. Hennion & Walsh Asset Management Inc. grew its holdings in shares of The Carlyle Group by 16.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 47,524 shares of the financial services provider’s stock valued at $2,052,000 after purchasing an additional 6,755 shares in the last quarter. Riverwater Partners LLC grew its holdings in shares of The Carlyle Group by 2.4% in the third quarter. Riverwater Partners LLC now owns 22,131 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 509 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of The Carlyle Group in the third quarter valued at $67,540,000. SOL Capital Management CO grew its holdings in shares of The Carlyle Group by 5.2% in the third quarter. SOL Capital Management CO now owns 151,134 shares of the financial services provider’s stock valued at $6,508,000 after purchasing an additional 7,510 shares in the last quarter. Finally, Stanley Laman Group Ltd. grew its holdings in shares of The Carlyle Group by 7.5% in the third quarter. Stanley Laman Group Ltd. now owns 116,851 shares of the financial services provider’s stock valued at $5,032,000 after purchasing an additional 8,144 shares in the last quarter. 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.