Carlyle Group (NASDAQ:CG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has raised the price target for Carlyle Group from $54.00 to $66.00, indicating a potential upside of 1.91% from its previous close.
• Other analysts have also increased their target prices for Carlyle Group, with JMP Securities setting a target of $70.00 and Barclays increasing theirs to $74.00.
• The current consensus rating for Carlyle Group is "Hold," with 55.88% of shares owned by institutional investors and hedge funds.

Carlyle Group (NASDAQ:CG - Get Free Report) had its price target increased by investment analysts at Jefferies Financial Group from $54.00 to $66.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's price target points to a potential upside of 4.02% from the company's current price.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a report on Wednesday, May 14th. JMP Securities raised their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods raised 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, Barclays restated an "overweight" rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and an average target price of $59.60.

Carlyle Group Trading Down 0.6%

CG stock traded down $0.41 during midday trading on Wednesday, reaching $63.45. The company's stock had a trading volume of 2,068,625 shares, compared to its average volume of 2,834,605. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $65.97. The stock has a market cap of $22.95 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. 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 business's 50-day simple moving average is $56.15 and its 200-day simple moving average is $48.34.

Insider Activity at Carlyle Group

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

Institutional Trading of Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of CG. Whipplewood Advisors LLC boosted its holdings in Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares during the period. Allworth Financial LP raised its position in shares of 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 buying an additional 299 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Carlyle Group in the 2nd quarter valued at approximately $26,000. Private Trust Co. NA raised its position in shares of 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 buying an additional 321 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 buying an additional 574 shares in the last quarter. 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.