The Carlyle Group (NASDAQ:CG) Given New $55.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG) had its price target reduced by investment analysts at Barclays from $60.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 10.93% from the stock’s current price.

A number of other research firms have also recently issued reports on CG. UBS Group boosted their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer upped their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. TD Cowen upped their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and an average price target of $54.73.

The Carlyle Group Stock Down 3.7 %

NASDAQ:CG opened at $49.58 on Wednesday. The Carlyle Group has a 1 year low of $36.65 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 1.38. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 170.97, a PEG ratio of 0.92 and a beta of 1.70. The stock has a 50-day moving average price of $52.79 and a two-hundred day moving average price of $48.25.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of CG. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 777,304 shares during the period. Sargent Investment Group LLC increased its stake in shares of The Carlyle Group by 6.5% during 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 bought a new position in shares of The Carlyle Group during the fourth quarter worth approximately $17,671,000. Empowered Funds LLC increased its stake in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after purchasing an additional 128,644 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of The Carlyle Group by 26.9% during the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 514 shares during the period. 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.