The Carlyle Group LP (NASDAQ:CG) had its price target decreased by investment analysts at Barclays PLC from $18.00 to $17.00 in a note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the stock. Barclays PLC’s price target points to a potential upside of 16.28% from the company’s previous close.
Several other equities analysts have also recently issued reports on CG. Deutsche Bank AG reduced their price objective on The Carlyle Group from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, June 16th. Zacks Investment Research cut The Carlyle Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 8th. Citigroup Inc. increased their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Jefferies Group increased their target price on The Carlyle Group from $16.50 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $20.00 target price on shares of The Carlyle Group in a research report on Sunday, September 11th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $17.45.
Shares of The Carlyle Group (NASDAQ:CG) opened at 14.62 on Thursday. The company has a 50 day moving average of $15.52 and a 200 day moving average of $16.20. The Carlyle Group has a 52-week low of $11.25 and a 52-week high of $20.65. The stock’s market capitalization is $1.19 billion.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The Carlyle Group had a positive return on equity of 3.99% and a negative net margin of 3.44%. The firm had revenue of $488.10 million for the quarter, compared to analysts’ expectations of $501 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. Analysts predict that The Carlyle Group will post $0.48 EPS for the current fiscal year.
In other news, CFO Curtis L. Buser sold 8,294 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $16.13, for a total transaction of $133,782.22. Following the transaction, the chief financial officer now directly owns 193,825 shares of the company’s stock, valued at $3,126,397.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 10,498 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.13, for a total value of $169,332.74. Following the transaction, the general counsel now directly owns 74,314 shares in the company, valued at $1,198,684.82. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Securities LLC acquired a new position in shares of The Carlyle Group during the third quarter worth approximately $191,000. Fox Run Management L.L.C. purchased a new position in shares of The Carlyle Group during the third quarter valued at $174,000. North Star Investment Management Corp. boosted its position in shares of The Carlyle Group by 9.9% in the third quarter. North Star Investment Management Corp. now owns 12,200 shares of the company’s stock valued at $190,000 after buying an additional 1,100 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of The Carlyle Group during the second quarter valued at $992,000. Finally, Stifel Financial Corp boosted its position in shares of The Carlyle Group by 48.2% in the second quarter. Stifel Financial Corp now owns 48,760 shares of the company’s stock valued at $791,000 after buying an additional 15,852 shares in the last quarter. 43.22% of the stock is currently owned by institutional investors.
The Carlyle Group Company Profile