Carlyle Group (NASDAQ:CG) Receives Buy Rating from UBS Group

Carlyle Group (NASDAQ:CG)‘s stock had its “buy” rating reissued by equities research analysts at UBS Group in a report released on Thursday, MarketBeat Ratings reports. They currently have a $74.00 price target on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 26.82% from the stock’s current price.

A number of other brokerages also recently issued reports on CG. TD Cowen lowered their price target on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. JMP Securities raised their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Keefe, Bruyette & Woods cut their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Morgan Stanley raised their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Evercore ISI reduced their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $66.14.

Carlyle Group Stock Down 3.0%

Shares of NASDAQ CG opened at $58.35 on Thursday. The stock has a market capitalization of $21.03 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 1.44 and a beta of 2.06. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average price is $55.75 and its 200-day moving average price is $57.58.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. The business had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities research analysts anticipate that Carlyle Group will post 4.48 EPS for the current fiscal year.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 26.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently made changes to their positions in CG. Allworth Financial LP increased its position in Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the period. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the period. Quarry LP purchased a new stake in Carlyle Group during the third quarter worth $33,000. Finally, National Pension Service boosted its position in Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.