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

Carlyle Group (NASDAQ:CG) had its price target decreased by research analysts at Morgan Stanley from $71.00 to $66.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 25.76% from the stock’s current price.

CG has been the topic of several other reports. The Goldman Sachs Group dropped their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group dropped their target price on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada began coverage on Carlyle Group in a research note on Monday, February 23rd. They set an “outperform” rating and a $67.00 target price on the stock. Finally, 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. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.64.

Carlyle Group Stock Down 0.1%

Shares of NASDAQ:CG traded down $0.07 on Tuesday, reaching $52.48. The company had a trading volume of 669,739 shares, compared to its average volume of 3,158,879. Carlyle Group has a 52-week low of $35.24 and a 52-week high of $69.85. The firm’s 50 day simple moving average is $49.88 and its 200-day simple moving average is $55.34. The firm has a market capitalization of $18.95 billion, a PE ratio of 24.06, a PEG ratio of 1.13 and a beta of 2.05. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 84.1% compared to the same quarter last year. As a group, analysts expect that Carlyle Group will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 26.30% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently modified their holdings of the stock. WFA of San Diego LLC acquired a new position in shares of Carlyle Group in the 2nd quarter valued at about $26,000. Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Carlyle Group in the 4th quarter valued at about $30,000. Quarry LP purchased a new position in shares of Carlyle Group in the 3rd quarter valued at about $33,000. Finally, Motco purchased a new position in shares of Carlyle Group in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

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.