Carlyle Group (NASDAQ:CG) Price Target Cut to $48.00 by Analysts at Barclays

Key Points

• Barclays cut its price target on Carlyle Group from $53 to $48 but maintained an “overweight” rating; the revised target implied about 20.7% upside from the stock’s then-current price.
• Analyst views were mixed: the consensus rating was “Hold,” with an average target price of $52; eight analysts rated the shares Buy, eight Hold, and one Sell.
• Carlyle’s latest reported quarterly results beat estimates, with EPS of $1.07 versus $0.91 expected and revenue of $1.11 billion versus $923.5 million expected, though revenue was down 28.6% year over year.

Carlyle Group (NASDAQ:CG - Get Free Report) had its target price reduced by research analysts at Barclays from $53.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Barclays's price objective indicates a potential upside of 20.65% from the stock's current price.

A number of other brokerages have also recently weighed in on CG. Wells Fargo & Company initiated coverage on shares of Carlyle Group in a research report on Friday, October 2nd. They set an "equal weight" rating and a $43.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a "market perform" rating in a research report on Thursday, August 6th. Evercore set a $42.00 price objective on shares of Carlyle Group in a research report on Friday. Piper Sandler cut their target price on shares of Carlyle Group from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Finally, Morgan Stanley set a $51.00 target price on shares of Carlyle Group in a report on Friday, October 16th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and a consensus target price of $52.00.

Carlyle Group Trading Down 0.4%

Shares of Carlyle Group stock traded down $0.17 during trading hours on Friday, reaching $39.79. The stock had a trading volume of 1,067,055 shares, compared to its average volume of 3,404,119. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 41.41, a P/E/G ratio of 1.37 and a beta of 1.84. Carlyle Group has a 1 year low of $35.41 and a 1 year high of $67.30. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a 50 day simple moving average of $40.83 and a two-hundred day simple moving average of $46.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The company's revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, equities research analysts anticipate that Carlyle Group will post 3.53 earnings per share for the current year.

Insider Activity at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the transaction, the director directly owned 26,899,644 shares of the company's stock, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 25.40% of the company's stock.

Institutional Trading of Carlyle Group

Several large investors have recently bought and sold shares of the company. Main Street Group LTD bought a new stake in shares of Carlyle Group during the 1st quarter valued at about $27,000. Allworth Financial LP acquired a new stake in Carlyle Group during the second quarter worth about $35,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock worth $41,000 after acquiring an additional 258 shares during the last quarter. Compass Wealth Management LLC bought a new position in Carlyle Group in the third quarter worth about $48,000. Finally, Western Wealth Management LLC acquired a new position in Carlyle Group in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 55.88% of the company's stock.

Key Carlyle Group News

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Distributable EPS was $1.12, and revenue of $994.5 million exceeded analyst expectations of about $921 million. The company also reported record fee-related earnings and $479 billion in assets under management. Earnings call highlights
• Positive Sentiment: Carlyle is targeting $60 billion in fundraising for 2026. It returned $24 billion to private-equity investors, which the company hopes will help lay the groundwork for another fundraising wave. 2026 fundraising target Investor distributions and fundraising
• Positive Sentiment: Carlyle declared a $0.35 dividend, providing a direct cash return to shareholders. Dividend announcement
• Negative Sentiment: Reported EPS was $0.96, just below the $0.97 consensus estimate. The slight miss may have weighed on sentiment despite the stronger distributable EPS and revenue figures. Quarterly earnings results

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle's investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.

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