Carlyle Group (NASDAQ:CG) Price Target Raised to $64.00

Carlyle Group (NASDAQ:CG - Get Free Report) had its price objective raised by equities research analysts at Barclays from $49.00 to $64.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. Barclays's price target indicates a potential upside of 9.68% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price objective on shares of Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $65.00 in a report on Thursday. Evercore ISI upped their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, JMP Securities decreased their price objective on shares of Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $56.93.

Carlyle Group Stock Down 0.3%

Shares of Carlyle Group stock traded down $0.15 on Thursday, hitting $58.35. 2,297,335 shares of the company traded hands, compared to its average volume of 2,675,924. The company has a 50-day moving average price of $47.77 and a 200 day moving average price of $47.01. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $58.84. The company has a market cap of $21.07 billion, a PE ratio of 19.78, a PEG ratio of 1.22 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The business had revenue of $973.10 million for the quarter, compared to analysts' expectations of $972.27 million. During the same period in the previous year, the company posted $1.01 EPS. Carlyle Group's revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Carlyle Group will post 4.48 earnings per share for the current year.

Institutional Investors Weigh In On Carlyle Group

Several hedge funds have recently made changes to their positions in CG. Bank Pictet & Cie Europe AG bought a new stake in shares of Carlyle Group in the fourth quarter valued at about $215,000. Jones Financial Companies Lllp lifted its stake in Carlyle Group by 2,469.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,569 shares of the financial services provider's stock worth $130,000 after purchasing an additional 2,469 shares during the period. Victory Capital Management Inc. lifted its stake in Carlyle Group by 88.6% during the fourth quarter. Victory Capital Management Inc. now owns 75,420 shares of the financial services provider's stock worth $3,808,000 after purchasing an additional 35,437 shares during the period. Atria Investments Inc lifted its stake in Carlyle Group by 5.3% during the fourth quarter. Atria Investments Inc now owns 20,923 shares of the financial services provider's stock worth $1,056,000 after purchasing an additional 1,062 shares during the period. Finally, M&T Bank Corp lifted its stake in Carlyle Group by 17.9% during the fourth quarter. M&T Bank Corp now owns 6,103 shares of the financial services provider's stock worth $308,000 after purchasing an additional 928 shares during the period. Institutional investors own 55.88% of the company's stock.

Carlyle Group Company Profile

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.