Carlyle Group (NASDAQ:CG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Carlyle Group (NASDAQ:CG) had its price objective upped by research analysts at Jefferies Financial Group from $54.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 1.68% from the company’s current price.

A number of other research analysts also recently commented on CG. Wells Fargo & Company raised their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Barclays reaffirmed an “overweight” rating and issued a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. JMP Securities lifted their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Monday, July 14th. Finally, Cowen raised shares of Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.19.

Carlyle Group Trading Down 0.8%

Shares of CG opened at $64.91 on Wednesday. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $65.97. The company has a 50-day moving average of $55.80 and a 200 day moving average of $48.40. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.20 and a beta of 1.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.36.

Insider Activity

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, the general counsel owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new stake in shares of Carlyle Group during the first quarter worth about $1,481,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Carlyle Group by 105.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 5,611 shares in the last quarter. Invesco Ltd. lifted its position in shares of Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock worth $32,856,000 after purchasing an additional 57,606 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Carlyle Group by 247.7% during the first quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock worth $53,000 after buying an additional 867 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.