A number of other research analysts have also commented on CG. JPMorgan Chase & Co. lowered their price objective on shares of The Carlyle Group from $53.00 to $45.00 and set an overweight rating on the stock in a research note on Tuesday, October 18th. Morgan Stanley reduced their target price on shares of The Carlyle Group from $35.00 to $34.00 and set an equal weight rating for the company in a report on Monday. Evercore ISI cut shares of The Carlyle Group from a buy rating to a hold rating and reduced their target price for the stock from $55.00 to $38.00 in a report on Wednesday, August 10th. Royal Bank of Canada reduced their target price on shares of The Carlyle Group from $15.00 to $11.00 and set an outperform rating for the company in a report on Thursday, August 11th. Finally, Piper Sandler reduced their target price on shares of The Carlyle Group from $68.00 to $62.00 in a report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $40.37.
The Carlyle Group Price Performance
NASDAQ CG opened at $28.90 on Monday. The Carlyle Group has a 12 month low of $24.59 and a 12 month high of $60.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $10.51 billion, a PE ratio of 6.05 and a beta of 1.68. The company’s 50 day simple moving average is $28.27 and its 200 day simple moving average is $32.72.
The Carlyle Group Dividend Announcement
In other news, major shareholder Carlyle Group Inc. sold 9,925 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $20.25, for a total transaction of $200,981.25. Following the transaction, the insider now directly owns 2,960,231 shares in the company, valued at approximately $59,944,677.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 29.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On The Carlyle Group
Several institutional investors and hedge funds have recently modified their holdings of CG. Assenagon Asset Management S.A. lifted its stake in shares of The Carlyle Group by 188.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,478,396 shares of the financial services provider’s stock valued at $89,882,000 after purchasing an additional 2,274,025 shares during the last quarter. Bank of Nova Scotia lifted its position in The Carlyle Group by 345.4% during the 2nd quarter. Bank of Nova Scotia now owns 2,466,850 shares of the financial services provider’s stock worth $78,100,000 after acquiring an additional 1,912,977 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in The Carlyle Group by 1,026.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,068,346 shares of the financial services provider’s stock worth $65,484,000 after acquiring an additional 1,884,732 shares during the last quarter. BlackRock Inc. lifted its position in The Carlyle Group by 7.2% during the 1st quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock worth $746,227,000 after acquiring an additional 1,020,504 shares during the last quarter. Finally, Davis Capital Partners LLC acquired a new position in The Carlyle Group during the 1st quarter worth $48,910,000. Institutional investors and hedge funds own 94.38% of the company’s stock.
The 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.
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