Morgan Stanley Has Lowered Expectations for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG) had its price target reduced by research analysts at Morgan Stanley from $57.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 19.02% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, January 3rd. Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Evercore ISI raised their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Citigroup reduced their price target on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen dropped their price objective on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.71.

The Carlyle Group Stock Performance

NASDAQ CG opened at $36.97 on Monday. The stock has a market cap of $13.35 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a 50-day moving average of $44.61 and a 200-day moving average of $49.13. The Carlyle Group has a 52-week low of $33.02 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (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%. On average, sell-side analysts anticipate that The Carlyle Group will post 4.48 EPS for the current year.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors have recently modified their holdings of the company. Korea Investment CORP increased its holdings in The Carlyle Group by 28.6% in the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after purchasing an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares in the last quarter. Sargent Investment Group LLC grew its holdings in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group during the fourth quarter valued at about $17,671,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of The Carlyle Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after purchasing an additional 14,024 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

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.