The Carlyle Group (NASDAQ:CG) Reaches New 12-Month High – Still a Buy?

Shares of The Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $56.84 and last traded at $56.62, with a volume of 1847527 shares traded. The stock had previously closed at $56.41.

Analyst Upgrades and Downgrades

CG has been the subject of a number of analyst reports. Barclays increased their target price on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. UBS Group raised their price objective 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. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI raised their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.44.

The Carlyle Group Stock Down 0.2 %

The firm has a fifty day moving average price of $52.49 and a 200-day moving average price of $47.45. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 195.97, a PEG ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Carlyle Group Inc. will post 3.8 EPS for the current year.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.20% of the stock is owned by insiders.

Institutional Trading of The Carlyle Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Valley National Advisers Inc. increased its position 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 worth $27,000 after acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC grew its stake 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 purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new position in The Carlyle Group in the third quarter worth about $33,000. Tobam grew its stake in The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in The Carlyle Group by 53.9% in the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 337 shares in the last quarter. 55.88% of the stock is 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.