Citizens Jmp Lowers Carlyle Group (NASDAQ:CG) Price Target to $70.00

Carlyle Group (NASDAQ:CGGet Free Report) had its price objective decreased by investment analysts at Citizens Jmp from $75.00 to $70.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 56.56% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research report on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Morgan Stanley dropped their target price on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $61.29.

Get Our Latest Stock Report on Carlyle Group

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $44.71 on Thursday. The firm has a market cap of $16.09 billion, a PE ratio of 30.62, a P/E/G ratio of 1.55 and a beta of 1.84. The business has a 50-day moving average price of $45.33 and a 200 day moving average price of $51.23. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group has a twelve month low of $39.60 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. Sell-side analysts predict that Carlyle Group will post 3.95 earnings per share for the current fiscal year.

Institutional Trading of Carlyle Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its position in shares of Carlyle Group by 2.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,200 shares of the financial services provider’s stock valued at $2,872,000 after acquiring an additional 1,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Carlyle Group by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 10,322 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 972 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Carlyle Group during the second quarter worth about $11,127,000. MassMutual Private Wealth & Trust FSB raised its position in Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 258 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Carlyle Group by 27.1% during the first quarter. Empowered Funds LLC now owns 15,199 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 3,237 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

About Carlyle Group

(Get Free Report)

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.

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