Carlyle Group (NASDAQ:CG) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Carlyle Group from $64 to $62 while maintaining a neutral rating; the target implies 46.45% upside from the stock’s then-current price.
• Analyst views are mixed: eight rate the stock Buy, eight Hold, and one Sell. MarketBeat reports a consensus rating of Hold and an average price target of $51.93.
• Carlyle shares traded at $42.34 on Monday, up $2.63 for the session, with a 52-week range of $35.41 to $67.30.

Carlyle Group (NASDAQ:CG - Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from $64.00 to $62.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 46.45% from the stock's current price.

Other research analysts have also issued research reports about the company. Weiss Ratings lowered Carlyle Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, November 2nd. Royal Bank Of Canada decreased their price objective on Carlyle Group from $58.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday, October 5th. Citizens Jmp raised their price objective on Carlyle Group from $70.00 to $73.00 and gave the company a "market outperform" rating in a research note on Thursday, August 6th. UBS Group dropped their target price on Carlyle Group from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Finally, Piper Sandler decreased their price target on Carlyle Group from $54.00 to $48.00 and set an "overweight" rating on the stock in a report on Monday, October 19th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $51.93.

Carlyle Group Price Performance

CG stock traded up $2.63 during trading on Monday, hitting $42.34. 2,387,720 shares of the company's stock traded hands, compared to its average volume of 3,410,247. Carlyle Group has a 52 week low of $35.41 and a 52 week high of $67.30. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 1.28 and a beta of 1.84. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $46.75. The company has a debt-to-equity ratio of 2.23, a quick ratio of 2.35 and a current ratio of 2.57.

Insider Activity at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the sale, the director owned 26,899,644 shares of the company's stock, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.40% of the company's stock.

Hedge Funds Weigh In On Carlyle Group

Large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its position in shares of Carlyle Group by 13.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 7,609 shares of the financial services provider's stock worth $302,000 after acquiring an additional 902 shares in the last quarter. Harbour Investments Inc. boosted its position in Carlyle Group by 29.4% during the third quarter. Harbour Investments Inc. now owns 1,052 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 239 shares in the last quarter. Diversified Trust Co grew its stake in Carlyle Group by 63.0% in the third quarter. Diversified Trust Co now owns 47,473 shares of the financial services provider's stock valued at $1,883,000 after purchasing an additional 18,340 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Carlyle Group by 15.3% in the third quarter. William Blair Investment Management LLC now owns 6,821,563 shares of the financial services provider's stock worth $270,543,000 after purchasing an additional 906,658 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Carlyle Group by 13.0% in the third quarter. Russell Investments Group Ltd. now owns 1,186,273 shares of the financial services provider's stock worth $47,048,000 after purchasing an additional 136,453 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments.

Founded in Washington, DC, in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.

Harvey Schwartz became Carlyle's chief executive officer in 2023.

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