The Carlyle Group (NASDAQ:CG) Given New $54.00 Price Target at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price objective reduced by analysts at Wells Fargo & Company from $56.00 to $54.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 9.76% from the stock’s previous close.

CG has been the topic of a number of other research reports. UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday. Barclays cut their price objective on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Price Performance

CG traded down $0.38 during trading on Wednesday, reaching $49.20. 695,600 shares of the stock were exchanged, compared to its average volume of 2,064,834. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 168.91, a P/E/G ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $57.50. The business’s 50 day moving average price is $52.79 and its two-hundred day moving average price is $48.25.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. As a group, equities research analysts anticipate that The Carlyle Group will post 3.73 earnings per share for the current year.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in CG. Orion Portfolio Solutions LLC bought a new stake in shares of The Carlyle Group in the fourth quarter worth $425,000. Pictet Asset Management Holding SA increased its position in shares of The Carlyle Group by 0.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 110,050 shares of the financial services provider’s stock worth $5,556,000 after purchasing an additional 638 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of The Carlyle Group by 24.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 84,251 shares of the financial services provider’s stock valued at $4,254,000 after purchasing an additional 16,439 shares in the last quarter. Norges Bank acquired a new position in The Carlyle Group in the fourth quarter worth about $44,532,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in The Carlyle Group by 14.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,704 shares of the financial services provider’s stock valued at $9,159,000 after buying an additional 21,691 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.