Barclays Issues Pessimistic Forecast for Carlyle Group (NASDAQ:CG) Stock Price

Carlyle Group (NASDAQ:CG) had its target price reduced by equities research analysts at Barclays from $71.00 to $68.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential upside of 31.63% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley set a $71.00 price target on Carlyle Group in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. TD Cowen increased their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 27th. UBS Group lowered their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Price Performance

Carlyle Group stock opened at $51.66 on Monday. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.06 and a beta of 2.07. The business has a 50-day simple moving average of $59.03 and a 200 day simple moving average of $59.28.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm earned $0.92 EPS. Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. On average, research analysts forecast that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after buying an additional 299 shares during the period. Bernard Wealth Management Corp. bought a new position in Carlyle Group during the 4th quarter worth about $30,000. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Carlyle Group in the 3rd quarter worth approximately $33,000. Finally, Motco bought a new position in shares of Carlyle Group during the third quarter valued at approximately $40,000. 55.88% of the stock is owned by institutional investors.

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.