Carlyle Group (NASDAQ:CG) Stock Gets Price Target Trim from Barclays

Carlyle Group (NASDAQ:CG) had its price objective decreased by analysts at Barclays from $53.00 to $48.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 20.65% from the stock’s current price.

A number of other analysts have also recently weighed in on CG. Piper Sandler dropped their price objective on shares of Carlyle Group from $54.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Morgan Stanley set a $51.00 price objective on shares of Carlyle Group in a research report on Friday, October 16th. UBS Group reduced their target price on shares of Carlyle Group from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Citizens Jmp upped their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Finally, Wells Fargo & Company assumed coverage on shares of Carlyle Group in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.00.

Carlyle Group Stock Performance

NASDAQ CG traded down $0.17 during trading hours on Friday, hitting $39.79. The company had a trading volume of 1,067,055 shares, compared to its average volume of 3,404,119. Carlyle Group has a fifty-two week low of $35.41 and a fifty-two week high of $67.30. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The business has a fifty day simple moving average of $40.83 and a 200-day simple moving average of $46.86. The firm has a market cap of $14.18 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was down 28.6% compared to the same quarter last year. Equities analysts predict that Carlyle Group will post 3.53 EPS for the current year.

Insider Transactions at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the transaction, the director owned 26,899,644 shares of the company’s stock, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Carlyle Group in the 2nd quarter valued at about $1,346,848,000. William Blair Investment Management LLC acquired a new position in Carlyle Group during the 2nd quarter valued at about $249,077,000. Legal & General Group Plc bought a new stake in shares of Carlyle Group during the 2nd quarter worth about $162,984,000. Amundi raised its position in shares of Carlyle Group by 419.0% during the 2nd quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock worth $143,427,000 after buying an additional 2,749,781 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Carlyle Group by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock worth $99,086,000 after acquiring an additional 23,065 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Key Carlyle Group News

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Distributable EPS was $1.12, and revenue of $994.5 million exceeded analyst expectations of about $921 million. The company also reported record fee-related earnings and $479 billion in assets under management. Earnings call highlights
• Positive Sentiment: Carlyle is targeting $60 billion in fundraising for 2026. It returned $24 billion to private-equity investors, which the company hopes will help lay the groundwork for another fundraising wave. 2026 fundraising target Investor distributions and fundraising
• Positive Sentiment: Carlyle declared a $0.35 dividend, providing a direct cash return to shareholders. Dividend announcement
• Negative Sentiment: Reported EPS was $0.96, just below the $0.97 consensus estimate. The slight miss may have weighed on sentiment despite the stronger distributable EPS and revenue figures. Quarterly earnings results

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.