Carlyle Group (NASDAQ:CG) Price Target Raised to $50.00 at Keefe, Bruyette & Woods

Carlyle Group (NASDAQ:CG) had its price objective increased by stock analysts at Keefe, Bruyette & Woods from $47.00 to $50.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 0.32% from the stock’s current price.

Several other equities analysts have also issued reports on the company. TD Cowen decreased their target price on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Barclays reaffirmed an “overweight” rating and issued a $64.00 target price on shares of Carlyle Group in a research note on Thursday. Citizens Jmp decreased their price target on shares of Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Morgan Stanley set a $57.00 target price on Carlyle Group in a report on Tuesday, July 21st. Finally, Cfra cut Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $59.79.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $49.84 on Thursday. The firm has a fifty day moving average of $44.67 and a two-hundred day moving average of $49.04. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 1.78 and a beta of 1.83. Carlyle Group has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm’s revenue was down 28.6% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. As a group, equities research analysts predict that Carlyle Group will post 3.71 EPS for the current year.

Hedge Funds Weigh In On Carlyle Group

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Carlyle Group by 937.5% during the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 51,809 shares during the period. Goldman Sachs Group Inc. lifted its stake in Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after acquiring an additional 332,533 shares in the last quarter. Empowered Funds LLC boosted its position in Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after acquiring an additional 1,579 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 574 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.