Carlyle Group (NASDAQ:CG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Carlyle Group (NASDAQ:CG) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $66.00 to $67.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 25.14% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective 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. Barclays upped their target price on shares of Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group boosted their price objective on Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Citigroup dropped their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.08.

Carlyle Group Stock Down 7.2%

CG stock opened at $53.54 on Tuesday. The stock’s 50 day simple moving average is $60.61 and its 200 day simple moving average is $60.22. The company has a market cap of $19.30 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.12 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue was up 84.1% compared to the same quarter last year. On average, research analysts expect that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Insider Activity 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 value of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

Several large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Carlyle Group during the fourth quarter valued at about $288,257,000. State Street Corp lifted its stake in shares of Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Carlyle Group in the 3rd quarter worth approximately $75,612,000. Vanguard Group Inc. raised its stake in shares of Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after purchasing an additional 934,237 shares during the period. Finally, Algebris UK Ltd. purchased a new stake in Carlyle Group in the 4th quarter worth approximately $50,459,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.