The price of Carlyle Group Inc (NASDAQ:CG) shares last traded on Wall Street rose 2.16% to $51.03.
CG stock price is now -3.23% away from the 50-day moving average and 10.00% away from the 200-day moving average. The market capitalization of the company currently stands at $18.25B.
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With the price target maintained at $60, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Carlyle Group Inc (NASDAQ: CG). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $42, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Carlyle Group Inc., 10% Owner sold 28,438 shares of the company’s stock on Dec 02 ’24. The stock was sold for $57,030 at an average price of $2.01. Upon completion of the transaction, the 10% Owner now directly owns 1,992,427 shares in the company, valued at $101.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, 10% Owner Carlyle Group Inc. sold 73,986 shares of the business’s stock. A total of $149,111 was realized by selling the stock at an average price of $2.02. This leaves the insider owning 2,077,374 shares of the company worth $106.01 million. A total of 29.38% of the company’s stock is owned by insiders.
During the past 12 months, Carlyle Group Inc has had a low of $36.65 and a high of $57.50. According to the stock market information, the enterprise value for the company is $26583830528, which is based on a 18.33 price-to-earnings ratio, a 1.52 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for CG is $52.779 and a two-hundred day moving average price translates $46.3647 for the stock.
The latest earnings results from Carlyle Group Inc (NASDAQ: CG) was released for 2024-09-30. The net profit margin was 19.10% and return on equity was 17.69% for CG. The company reported revenue of $2.64 billion for the quarter, compared to $716.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 267.74 percent.
