Evercore ISI Issues Positive Forecast for Carlyle Group (NASDAQ:CG) Stock Price

Carlyle Group (NASDAQ:CG) had its target price raised by Evercore ISI from $57.00 to $62.00 in a research report report published on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on CG. TD Cowen reaffirmed a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. UBS Group lifted their price target on Carlyle Group from $74.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods decreased their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price target on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.46.

Carlyle Group Stock Down 0.1%

Shares of Carlyle Group stock opened at $62.35 on Thursday. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.10 and a beta of 2.04. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The business’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $60.24.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. The firm had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same period in the prior year, the business earned $0.95 EPS. Equities research analysts forecast that Carlyle Group will post 4.48 earnings per share for the current year.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carlyle Group

Several large investors have recently modified their holdings of CG. Vanguard Group Inc. lifted its holdings in shares of Carlyle Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares during the last quarter. State Street Corp raised its holdings in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after buying an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Carlyle Group by 1.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after buying an additional 117,223 shares in the last quarter. Alkeon Capital Management LLC increased its position in shares of Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares during the period. 55.88% of the stock is owned by institutional investors.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.