Jefferies Financial Group Boosts Carlyle Group (NASDAQ:CG) Price Target to $66.00

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 objective hoisted by equities researchers 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 indicates a potential upside of 1.91% from the stock's previous close.

CG has been the topic of a number of other reports. JMP Securities upped their target price on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. Barclays restated an "overweight" rating and set a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods upped their price target on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.88.

Carlyle Group Stock Up 3.8%

Shares of CG opened at $64.76 on Wednesday. The firm has a market cap of $23.42 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 1.14 and a beta of 1.90. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $65.03. The company's 50-day moving average price is $55.00 and its 200 day moving average price is $48.22. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Carlyle Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider's stock valued at $1,270,586,000 after acquiring an additional 426,644 shares in the last quarter. Capital World Investors boosted its holdings in shares of Carlyle Group by 0.3% in the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock valued at $998,609,000 after acquiring an additional 50,784 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carlyle Group by 4.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider's stock valued at $366,937,000 after buying an additional 311,300 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Carlyle Group by 5.6% in the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider's stock valued at $219,583,000 after buying an additional 228,484 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Carlyle Group by 8.0% in the second quarter. Legal & General Group Plc now owns 3,366,980 shares of the financial services provider's stock valued at $173,063,000 after buying an additional 248,107 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

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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