The Carlyle Group (NASDAQ:CG) Price Target Lowered to $46.00 at Bank of America

The Carlyle Group (NASDAQ:CG) had its price objective dropped by Bank of America from $47.00 to $46.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “underperform” rating on the financial services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 28.17% from the stock’s previous close.

A number of other research analysts have also commented on the stock. Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Barclays decreased their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Evercore ISI upped their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.00.

The Carlyle Group Stock Performance

NASDAQ CG opened at $35.89 on Friday. The company has a fifty day moving average of $47.81 and a two-hundred day moving average of $49.56. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a market capitalization of $12.96 billion, a PE ratio of 12.91, a P/E/G ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, analysts expect that The Carlyle Group will post 4.48 earnings per share for the current year.

Institutional Trading of The Carlyle Group

Several large investors have recently modified their holdings of CG. Golden State Wealth Management LLC acquired a new position in The Carlyle Group in the 4th quarter valued at about $25,000. National Pension Service acquired a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its stake in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC grew its stake in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Main Street Group LTD acquired a new position in The Carlyle Group in the 4th quarter valued at $29,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.