Carlyle Group (NASDAQ:CG) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• The Carlyle Group (NASDAQ:CG) has been rated as "Hold (C)" by Weiss Ratings, indicating a cautious outlook from analysts.
• Barclays recently raised its price target for Carlyle Group from $66.00 to $74.00, while JMP Securities increased it from $70.00 to $75.00, reflecting positive sentiment among multiple analysts.
• Insider selling has been noted, with General Counsel Jeffrey W. Ferguson selling 202,606 shares, indicating a 21.20% decrease in his stake in the company.

Carlyle Group (NASDAQ:CG - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. Barclays restated an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. JMP Securities boosted their price target on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a report on Thursday, August 14th. BMO Capital Markets initiated coverage on Carlyle Group in a report on Friday, October 3rd. They set an "outperform" rating and a $74.00 price target on the stock. Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Carlyle Group presently has an average rating of "Hold" and a consensus price target of $60.87.

Carlyle Group Trading Down 1.7%

Shares of CG stock traded down $1.06 during mid-day trading on Wednesday, reaching $60.55. 2,873,750 shares of the stock traded hands, compared to its average volume of 3,426,661. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.28 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock's fifty day simple moving average is $63.95 and its two-hundred day simple moving average is $52.64. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $69.85.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 of the company's stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its stake 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 period. WFA of San Diego LLC bought a new position in Carlyle Group in the 2nd quarter valued at $26,000. Private Trust Co. NA grew its stake in Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares during the period. Geneos Wealth Management Inc. grew its stake in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 574 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Carlyle Group in the 2nd quarter valued at $38,000. 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.

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