The Carlyle Group (NASDAQ:CG) PT Raised to $80.00 at Oppenheimer

The Carlyle Group (NASDAQ:CGGet Rating) had its price target boosted by Oppenheimer from $71.00 to $80.00 in a report issued on Wednesday, The Fly reports. Oppenheimer’s price target points to a potential upside of 87.44% from the company’s current price.

A number of other analysts have also recently weighed in on CG. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Carlyle Group from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 7th. BMO Capital Markets boosted their price objective on The Carlyle Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, April 1st. The Goldman Sachs Group lowered their target price on The Carlyle Group from $66.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, March 29th. Bank of America began coverage on The Carlyle Group in a research note on Thursday, December 16th. They issued a “buy” rating and a $79.00 price target for the company. Finally, Raymond James lifted their price objective on shares of The Carlyle Group from $12.50 to $13.00 and gave the company a “market perform” rating in a research note on Tuesday, January 18th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $51.79.

Shares of NASDAQ:CG opened at $42.68 on Wednesday. The company has a market cap of $15.21 billion, a PE ratio of 5.21, a P/E/G ratio of 0.43 and a beta of 1.45. The Carlyle Group has a fifty-two week low of $37.69 and a fifty-two week high of $60.62. The firm has a 50-day simple moving average of $46.14 and a 200 day simple moving average of $50.80. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.40.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its earnings results on Thursday, February 3rd. The financial services provider reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.76. The Carlyle Group had a return on equity of 45.46% and a net margin of 33.87%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 200.9% compared to the same quarter last year. As a group, research analysts forecast that The Carlyle Group will post 4.35 EPS for the current fiscal year.

In related news, major shareholder Carlyle Group Inc. sold 8,546 shares of the company’s stock in a transaction that occurred on Thursday, April 7th. The shares were sold at an average price of $57.23, for a total value of $489,087.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 6,820 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $52.25, for a total transaction of $356,345.00. The disclosure for this sale can be found here. Insiders have sold a total of 713,519 shares of company stock valued at $35,474,422 in the last quarter. Insiders own 36.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its stake in The Carlyle Group by 61.3% in the 2nd quarter. Morgan Stanley now owns 16,028,163 shares of the financial services provider’s stock valued at $744,989,000 after buying an additional 6,093,214 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of The Carlyle Group by 83.8% during the second quarter. Parametric Portfolio Associates LLC now owns 29,713 shares of the financial services provider’s stock worth $1,381,000 after acquiring an additional 13,548 shares in the last quarter. Bank of America Corp DE boosted its position in The Carlyle Group by 9.8% during the second quarter. Bank of America Corp DE now owns 1,552,869 shares of the financial services provider’s stock valued at $72,177,000 after purchasing an additional 138,642 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in The Carlyle Group by 2.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 11,274 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 281 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new stake in shares of The Carlyle Group during the 3rd quarter worth about $652,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Company Profile (Get Rating)

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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