The Carlyle Group (NASDAQ:CG) PT Raised to $15.00

The Carlyle Group (NASDAQ:CG) had its target price increased by equities researchers at National Bank Financial from $14.50 to $15.00 in a report released on Monday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s target price suggests a potential downside of 44.61% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Bank of America upped their price objective on shares of The Carlyle Group from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Zacks Investment Research raised shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Monday, October 14th. BMO Capital Markets initiated coverage on shares of The Carlyle Group in a report on Monday, October 7th. They issued a “market perform” rating and a $23.00 price target for the company. Barclays initiated coverage on shares of The Carlyle Group in a report on Monday, August 5th. They issued an “equal weight” rating and a $25.00 price target for the company. Finally, Oppenheimer set a $33.00 price target on shares of The Carlyle Group and gave the company a “buy” rating in a report on Tuesday, October 8th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.73.

The Carlyle Group stock opened at $27.08 on Monday. The company has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $22.68. The firm has a market capitalization of $3.04 billion, a P/E ratio of 10.30 and a beta of 1.69. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.72 and a current ratio of 2.72. The Carlyle Group has a one year low of $15.09 and a one year high of $27.77.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. The business had revenue of $550.70 million during the quarter, compared to analyst estimates of $496.69 million. The Carlyle Group had a net margin of 12.74% and a return on equity of 6.07%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, sell-side analysts forecast that The Carlyle Group will post 1.65 earnings per share for the current year.

In related news, CAO Pamela L. Bentley sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $26.69, for a total value of $533,800.00. Following the transaction, the chief accounting officer now owns 113,660 shares in the company, valued at $3,033,585.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $110.74, for a total value of $88,592,000.00. The disclosure for this sale can be found here. Insiders sold 1,004,829 shares of company stock worth $93,349,143 in the last 90 days.

A number of institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc increased its stake in shares of The Carlyle Group by 123.5% in the third quarter. Prospera Financial Services Inc now owns 186,755 shares of the financial services provider’s stock valued at $4,773,000 after buying an additional 103,192 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of The Carlyle Group in the third quarter valued at $384,000. Regent Investment Management LLC acquired a new stake in shares of The Carlyle Group in the third quarter valued at $212,000. Robeco Institutional Asset Management B.V. increased its stake in shares of The Carlyle Group by 18.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 520,000 shares of the financial services provider’s stock valued at $13,291,000 after buying an additional 80,000 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of The Carlyle Group by 19.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,576 shares of the financial services provider’s stock valued at $94,000 after buying an additional 576 shares in the last quarter. 44.81% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

The Carlyle Group L.P. 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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