UBS Group Issues Pessimistic Forecast for Carlyle Group (NASDAQ:CG) Stock Price

Carlyle Group (NASDAQ:CG) had its target price cut by equities researchers at UBS Group from $81.00 to $65.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price points to a potential upside of 22.11% from the stock’s previous close.

CG has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a research note on Tuesday, January 27th. Keefe, Bruyette & Woods dropped their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Finally, Citigroup lowered their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and an average price target of $66.85.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $53.23 on Friday. The firm has a market cap of $19.18 billion, a P/E ratio of 24.42, a PEG ratio of 1.03 and a beta of 2.05. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $60.07 and a 200 day moving average of $59.88.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The firm’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. As a group, research analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction dated 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 approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.30% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group during the fourth quarter valued at approximately $30,000. Finally, Quarry LP acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $33,000. 55.88% of the stock is owned by hedge funds and other 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.