The Carlyle Group (NASDAQ:CG – Get Free Report) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $60.00 target price on the financial services provider’s stock. Wolfe Research’s price objective would indicate a potential upside of 15.76% from the company’s previous close.
Several other research firms have also recently commented on CG. Evercore ISI boosted their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods increased their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Morgan Stanley lifted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Barclays raised their price objective on The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $54.38.
Read Our Latest Stock Report on CG
The Carlyle Group Price Performance
The Carlyle Group (NASDAQ:CG – Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. On average, equities analysts predict that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.
Insider Buying and Selling at The Carlyle Group
In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On The Carlyle Group
Institutional investors have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in The Carlyle Group during the 3rd quarter worth approximately $33,000. Tobam grew its holdings in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after buying an additional 220 shares in the last quarter. Rothschild Investment LLC acquired a new position in The Carlyle Group during the second quarter valued at $50,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,139 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.
About The Carlyle Group
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.
Featured Stories
- Five stocks we like better than The Carlyle Group
- What Are Dividend Achievers? An Introduction
- Quantum Opportunity: Skywater Technology’s Long-Term Potential
- Airline Stocks – Top Airline Stocks to Buy Now
- Nebius Group: The Rising Star in AI Infrastructure
- Consumer Discretionary Stocks Explained
- MarketBeat Week in Review – 12/30 – 1/03
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.