The Carlyle Group (NASDAQ:CG) Reaches New 1-Year High – Should You Buy?

Shares of The Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week high on Wednesday . The company traded as high as $57.39 and last traded at $57.28, with a volume of 478 shares changing hands. The stock had previously closed at $56.95.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Evercore ISI boosted their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. TD Cowen increased their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.44.

The Carlyle Group Trading Down 0.1 %

The firm has a market cap of $20.14 billion, a P/E ratio of 194.17, a P/E/G ratio of 0.99 and a beta of 1.69. The business’s 50-day moving average is $52.88 and its two-hundred day moving average is $47.85. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, analysts expect that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. grew its holdings in 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 worth $27,000 after acquiring an additional 327 shares during the period. Nisa Investment Advisors LLC raised its position in The Carlyle Group by 253.1% in the fourth 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the 3rd quarter valued at about $33,000. Finally, Tobam grew its stake in shares of The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds 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.