The Carlyle Group (NASDAQ:CG) had its price target raised by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $43.50 to $49.50 in a report issued on Tuesday, Stock Target Advisor reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price objective indicates a potential upside of 14.98% from the company’s previous close.
A number of other brokerages have also weighed in on CG. Zacks Investment Research raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 12th. Keefe, Bruyette & Woods raised The Carlyle Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Tuesday, January 19th. Barclays upped their price target on shares of The Carlyle Group from $36.00 to $39.00 in a research note on Wednesday, February 24th. Morgan Stanley boosted their price objective on shares of The Carlyle Group from $41.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of The Carlyle Group from $37.00 to $39.00 and gave the company a “hold” rating in a report on Wednesday, February 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The Carlyle Group presently has a consensus rating of “Buy” and an average price target of $36.75.
Shares of CG traded down $0.33 during mid-day trading on Tuesday, hitting $43.05. 75,757 shares of the company’s stock were exchanged, compared to its average volume of 1,495,384. The firm has a market capitalization of $15.26 billion, a P/E ratio of -70.44 and a beta of 1.38. The Carlyle Group has a fifty-two week low of $21.36 and a fifty-two week high of $43.66. The business’s 50 day moving average is $38.60 and its two-hundred day moving average is $33.22. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 2.98.
In related news, CEO Kewsong Lee sold 2,639 shares of The Carlyle Group stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $43.49, for a total value of $114,770.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 14,236 shares of the firm’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $36.60, for a total value of $521,037.60. Following the completion of the transaction, the general counsel now owns 1,016,647 shares in the company, valued at $37,209,280.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,226,363 shares of company stock valued at $115,703,069.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in shares of The Carlyle Group in the 2nd quarter valued at $404,666,000. Capital World Investors purchased a new stake in shares of The Carlyle Group during the first quarter valued at approximately $113,980,000. JPMorgan Chase & Co. lifted its position in shares of The Carlyle Group by 390.1% during the second quarter. JPMorgan Chase & Co. now owns 4,290,208 shares of the financial services provider’s stock worth $95,157,000 after purchasing an additional 3,414,772 shares in the last quarter. Bessemer Group Inc. acquired a new stake in The Carlyle Group during the 2nd quarter valued at $56,498,000. Finally, Morgan Stanley lifted its holdings in The Carlyle Group by 20.8% in the 3rd quarter. Morgan Stanley now owns 9,974,601 shares of the financial services provider’s stock worth $246,072,000 after buying an additional 1,716,749 shares in the last quarter. 33.08% 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.
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