The Carlyle Group (NASDAQ:CG) PT Raised to $49.50 at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell


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The Carlyle Group (NASDAQ:CG) had its price target increased by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $43.50 to $49.50 in a research note issued on Tuesday, Stock Target Advisor reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell’s price objective suggests a potential upside of 14.98% from the stock’s current price.

CG has been the topic of several other reports. Credit Suisse Group raised The Carlyle Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Thursday, February 25th. Deutsche Bank Aktiengesellschaft increased their target price on The Carlyle Group from $37.00 to $39.00 and gave the company a “hold” rating in a research report on Wednesday, February 24th. Citigroup increased their price objective on shares of The Carlyle Group from $43.50 to $49.50 in a research report on Tuesday. Keefe, Bruyette & Woods upgraded shares of The Carlyle Group from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday, January 19th. Finally, Barclays increased their price target on shares of The Carlyle Group from $36.00 to $39.00 in a report on Wednesday, February 24th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.75.

Shares of CG traded down $0.33 on Tuesday, reaching $43.05. The company’s stock had a trading volume of 75,757 shares, compared to its average volume of 1,495,384. The stock has a market capitalization of $15.26 billion, a P/E ratio of -70.44 and a beta of 1.38. The company has a debt-to-equity ratio of 2.98, a current ratio of 2.37 and a quick ratio of 2.37. The stock’s 50 day simple moving average is $38.60 and its two-hundred day simple moving average is $33.22. The Carlyle Group has a 12-month low of $21.36 and a 12-month high of $43.66.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Thursday, April 29th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The Carlyle Group had a positive return on equity of 25.90% and a negative net margin of 5.38%. The company had revenue of $612.50 million for the quarter, compared to the consensus estimate of $595.12 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that The Carlyle Group will post 1.84 earnings per share for the current year.

In other news, CEO Kewsong Lee sold 2,639 shares of The Carlyle Group stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $43.49, for a total value of $114,770.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 14,236 shares of the business’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $36.60, for a total transaction of $521,037.60. Following the transaction, the general counsel now owns 1,016,647 shares of the company’s stock, valued at approximately $37,209,280.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,226,363 shares of company stock valued at $115,703,069.

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of The Carlyle Group by 12.3% during the fourth quarter. Morgan Stanley now owns 11,196,610 shares of the financial services provider’s stock worth $352,021,000 after acquiring an additional 1,222,009 shares during the last quarter. BlackRock Inc. increased its stake in The Carlyle Group by 4.0% during the 4th quarter. BlackRock Inc. now owns 6,784,442 shares of the financial services provider’s stock valued at $213,302,000 after purchasing an additional 261,508 shares in the last quarter. Northern Trust Corp raised its holdings in shares of The Carlyle Group by 7.9% in the fourth quarter. Northern Trust Corp now owns 1,561,970 shares of the financial services provider’s stock worth $49,108,000 after buying an additional 114,862 shares during the last quarter. Norges Bank purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at $36,805,000. Finally, LGT Capital Partners LTD. raised its stake in The Carlyle Group by 1.3% in the 4th quarter. LGT Capital Partners LTD. now owns 800,000 shares of the financial services provider’s stock worth $25,152,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 33.08% of the company’s stock.

The Carlyle Group Company Profile

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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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