BMO Capital Markets Begins Coverage on Carlyle Group (NASDAQ:CG)

Key Points

• BMO Capital Markets has initiated coverage on Carlyle Group (NASDAQ:CG) with an "outperform" rating and a price target of $74.00, indicating a potential upside of 19.90% from the last closing price.
• Various other equities analysts have also raised their price targets for Carlyle Group, with the consensus price target now at $60.87, showing positive sentiment among analysts.
• Institutional investors hold 55.88% of Carlyle Group's stock, with multiple firms increasing their stakes in the company during recent quarters.

Equities research analysts at BMO Capital Markets began coverage on shares of Carlyle Group (NASDAQ:CG - Get Free Report) in a research note issued to investors on Friday,Benzinga reports. The brokerage set an "outperform" rating and a $74.00 price target on the financial services provider's stock. BMO Capital Markets' price objective indicates a potential upside of 19.90% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 14th. Jefferies Financial Group upped their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI upped their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Barclays restated an "overweight" rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $60.87.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $61.72 on Friday. The stock has a market cap of $22.32 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.11 and a beta of 2.00. The firm's 50-day moving average is $63.99 and its 200 day moving average is $52.12. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the sale, the general counsel owned 753,255 shares in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently made changes to their positions in CG. GAMMA Investing LLC grew its stake in Carlyle Group by 6.5% in the third quarter. GAMMA Investing LLC now owns 8,564 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 522 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Carlyle Group by 20.7% during the second quarter. Texas Permanent School Fund Corp now owns 162,794 shares of the financial services provider's stock worth $8,368,000 after acquiring an additional 27,881 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Carlyle Group by 75.8% during the second quarter. Osaic Holdings Inc. now owns 74,943 shares of the financial services provider's stock worth $3,636,000 after acquiring an additional 32,308 shares during the last quarter. American Trust purchased a new stake in Carlyle Group in the second quarter valued at approximately $235,000. Finally, Orion Porfolio Solutions LLC boosted its position in Carlyle Group by 28.6% in the second quarter. Orion Porfolio Solutions LLC now owns 15,022 shares of the financial services provider's stock valued at $772,000 after buying an additional 3,344 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

About Carlyle Group

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.

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