Keefe, Bruyette & Woods Boosts The Carlyle Group (NASDAQ:CG) Price Target to $45.00

The Carlyle Group (NASDAQ:CG) had its price target raised by Keefe, Bruyette & Woods from $43.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 2.11% from the stock’s current price.

Several other research analysts have also recently commented on the company. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Morgan Stanley reduced their target price on The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. JMP Securities reduced their target price on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price objective on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.07.

The Carlyle Group Stock Up 0.8%

CG opened at $45.97 on Monday. The Carlyle Group has a 1-year low of $33.02 and a 1-year high of $57.50. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 0.98 and a beta of 1.85. The business has a 50 day moving average of $40.39 and a 200-day moving average of $47.93.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million during the quarter, compared to analysts’ expectations of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 earnings per share. As a group, sell-side analysts anticipate that The Carlyle Group will post 4.48 earnings per share for the current year.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of The Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after purchasing an additional 1,131,514 shares in the last quarter. Capital World Investors lifted its stake in The Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock valued at $998,609,000 after acquiring an additional 50,784 shares in the last quarter. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 15.5% in the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after acquiring an additional 1,773,465 shares in the last quarter. Boston Partners raised its stake in shares of The Carlyle Group by 7.1% during the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of The Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock worth $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

About The Carlyle Group

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.