Carlyle Group (NASDAQ:CG) Price Target Raised to $67.00

Key Points

• Analysts at Morgan Stanley raised the price target for Carlyle Group (NASDAQ:CG) from $65.00 to $67.00, suggesting a potential upside of 15.15% from the company's previous close.
• The current consensus rating for Carlyle Group is "Hold," with a consensus price target of $63.00, reflecting mixed ratings from various investment analysts.
• Carlyle Group's shares traded down 0.2% to $58.18 during midday trading, with significant trading volume of over 1 million shares.

Carlyle Group (NASDAQ:CG - Get Free Report) had its price target lifted by analysts at Morgan Stanley from $65.00 to $67.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Morgan Stanley's target price would indicate a potential upside of 15.15% from the company's previous close.

CG has been the subject of a number of other research reports. BMO Capital Markets began coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an "outperform" rating and a $74.00 price objective for the company. Barclays restated an "overweight" rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Evercore ISI upped their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Wells Fargo & Company increased 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, Citigroup cut their target price on shares of Carlyle Group from $75.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of "Hold" and a consensus target price of $63.00.

Carlyle Group Stock Down 0.2%

Shares of NASDAQ:CG traded down $0.11 during midday trading on Tuesday, hitting $58.18. 1,080,934 shares of the company's stock traded hands, compared to its average volume of 2,845,315. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $21.05 billion, a PE ratio of 17.01, a P/E/G ratio of 1.21 and a beta of 2.00. The firm's fifty day moving average price is $63.47 and its two-hundred day moving average price is $53.58. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85.

Insider Activity

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 26.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CG. Allworth Financial LP lifted its position in Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of Carlyle Group in the second quarter worth approximately $26,000. Private Trust Co. NA boosted its holdings in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after purchasing an additional 574 shares during the period. Finally, National Pension Service increased its position in Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider's stock worth $38,000 after acquiring an additional 372 shares during the period. 55.88% of the stock is currently owned by institutional investors.

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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