According to Fintel, on May 26, 2023, JMP Securities retained its assessment on Carlyle Group Inc (NASDAQ:CG), recommending a Market Outperform position.
Analyst price targets anticipate a 34.24% increase.
As of May 11, 2023, the one-year price target for Carlyle Group Inc was 37.52. The average forecast ranged from 28.28 to $57.75. The average price target forecasted a 34.24% increase from the latest reported closing price of 27.95.
Check out our list of companies with the largest price target upside.
Carlyle Group Inc’s projected annual revenue is 4,283MM, a year-over-year increase of 15.26%. Additionally, the projected annual non-GAAP EPS is 3.99.
What is the Fund Sentiment?
There is an increase of 42 owner(s) or 5.21% in the last quarter, with 848 funds or institutions reporting positions in Carlyle Group Inc. Besides, the average portfolio weight of all funds dedicated to CG is 0.23%, which is a 13.28% increase. Total shares owned by institutions decreased by 5.74% in the past three months to 217,723K shares. The put/call ratio of CG is 1.27, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors reported holding 12,661K shares, representing 3.50% of Carlyle Group Inc and indicating an increase of 82.49% from its earlier filing. Also, the firm increased its portfolio allocation in CG by 476.41% over the last quarter. Alkeon Capital Management owns 12,604K shares, representing 3.48% ownership of the company. In its prior filing, the firm reported owning 13,125K shares, indicating a decrease of 4.14%. The company decreased its portfolio allocation in CG by 84.26% over the last quarter. Vulcan Value Partners holds 11,554K shares, representing 3.19% ownership of the company. In its prior filing, the firm reported owning 12,638K shares, indicating a decrease of 9.38%. The firm decreased its portfolio allocation in CG by 10.47% over the last quarter. Furthermore, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares reported holding 7,883K shares representing 2.18% ownership of the company. In the previous filing, the firm reported owning 7,736K shares, indicating an increase of 1.87%. The company decreased its portfolio allocation in CG by 2.05% over the last quarter.
Carlyle Group Inc Background Information
(This description is provided by the company.)
The Carlyle Group is a global investment firm that deploys private capital across four business segments, including Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s goal is to invest wisely and create value for its investors, portfolio companies, and the communities in which they live and invest. Carlyle has over 1,800 employees in 30 offices throughout six continents.
Key filings for this company:
This story was originally published on Fintel.
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