Carlyle Group (NASDAQ:CG) Sets New 12-Month High - Time to Buy?

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $61.10 and last traded at $59.74, with a volume of 1834555 shares changing hands. The stock had previously closed at $60.17.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CG shares. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods lifted their price objective on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Evercore ISI lifted their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Barclays reissued an "overweight" rating and set a $64.00 price target (up previously from $49.00) on shares of Carlyle Group in a research note on Thursday, July 10th. Finally, Morgan Stanley decreased their price target on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and an average target price of $57.73.

Carlyle Group Price Performance

The company has a fifty day simple moving average of $50.74 and a two-hundred day simple moving average of $47.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.18 and a beta of 1.86.

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

Institutional Trading of Carlyle Group

A number of institutional investors and hedge funds have recently made changes to their positions in CG. Farther Finance Advisors LLC boosted its position in Carlyle Group by 18.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider's stock worth $59,000 after purchasing an additional 177 shares during the period. Wedmont Private Capital boosted its position in Carlyle Group by 3.5% during the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider's stock worth $332,000 after purchasing an additional 196 shares during the period. B. Metzler seel. Sohn & Co. AG boosted its position in Carlyle Group by 3.5% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock worth $277,000 after purchasing an additional 215 shares during the period. Bfsg LLC boosted its position in Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider's stock valued at $378,000 after buying an additional 215 shares during the last quarter. Finally, Aviva PLC boosted its position in Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.