The Carlyle Group (NASDAQ:CG) Price Target Raised to $45.00 at Keefe, Bruyette & Woods

The Carlyle Group (NASDAQ:CG - Get Free Report) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $43.00 to $45.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target points to a potential downside of 0.32% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Barclays upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. JMP Securities cut their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Citigroup decreased their target price on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus price target of $51.07.

The Carlyle Group Trading Up 7.4%

Shares of The Carlyle Group stock traded up $3.11 during trading on Monday, reaching $45.15. The company's stock had a trading volume of 1,651,581 shares, compared to its average volume of 2,602,521. The firm's 50-day moving average is $40.35 and its two-hundred day moving average is $47.97. The Carlyle Group has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter last year, the firm posted $1.01 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Carlyle Group will post 4.48 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in shares of The Carlyle Group during the third quarter worth approximately $212,000. Franklin Resources Inc. lifted its position in The Carlyle Group by 145.6% in the 3rd quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider's stock valued at $1,215,000 after acquiring an additional 16,723 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $221,000. Oak Thistle LLC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $372,000. Finally, Park Avenue Securities LLC grew its stake in The Carlyle Group by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 8,288 shares of the financial services provider's stock valued at $418,000 after buying an additional 1,521 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The 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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