Carlyle Group (NASDAQ:CG) Given New $64.00 Price Target at Keefe, Bruyette & Woods

Carlyle Group (NASDAQ:CG) had its target price lowered by equities research analysts at Keefe, Bruyette & Woods from $66.00 to $64.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 21.86% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company upped their target price on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Morgan Stanley upped their target price on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Evercore ISI decreased their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research report on Monday. BMO Capital Markets began coverage on Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.57.

Carlyle Group Stock Performance

Shares of NASDAQ CG traded down $0.80 during trading hours on Monday, reaching $52.52. The stock had a trading volume of 3,798,450 shares, compared to its average volume of 2,871,362. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.22 and a beta of 2.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The firm has a 50-day moving average of $62.32 and a 200-day moving average of $54.99.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction 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 completion of the transaction, the general counsel owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group during the second quarter worth $26,000. Private Trust Co. NA boosted its holdings in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 321 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Finally, National Pension Service boosted its holdings in Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. Institutional investors and hedge funds 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.