TD Cowen Lowers The Carlyle Group (NASDAQ:CG) Price Target to $45.00

The Carlyle Group (NASDAQ:CG) had its price target lowered by equities researchers at TD Cowen from $49.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target would indicate a potential upside of 9.60% from the company’s current price.

A number of other brokerages have also recently weighed in on CG. JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Barclays raised their price objective on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JMP Securities increased their target price on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. Citigroup lifted their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Finally, Oppenheimer cut their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.25.

The Carlyle Group Stock Up 1.2 %

The Carlyle Group stock traded up $0.48 during trading hours on Thursday, hitting $41.06. 2,767,766 shares of the stock traded hands, compared to its average volume of 2,097,171. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. The company has a market cap of $14.87 billion, a PE ratio of -22.94, a PEG ratio of 0.86 and a beta of 1.77. The firm’s 50-day moving average price is $45.75 and its two-hundred day moving average price is $40.02. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts forecast that The Carlyle Group will post 3.98 EPS for the current year.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in The Carlyle Group in the 3rd quarter worth approximately $755,000. Asset Management One Co. Ltd. raised its position in shares of The Carlyle Group by 13.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock valued at $2,544,000 after purchasing an additional 10,317 shares during the period. Commonwealth Equity Services LLC boosted its holdings in The Carlyle Group by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock worth $3,293,000 after buying an additional 821 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in The Carlyle Group by 36.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock worth $972,000 after buying an additional 8,664 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in The Carlyle Group by 21.0% during the third quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock valued at $13,378,000 after acquiring an additional 76,888 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About The 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.