Fintel reports that on May 26, 2023, JMP Securities maintained coverage of Carlyle Group Inc (NASDAQ:CG) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 34.24% Upside
As of May 11, 2023, the average one-year price target for Carlyle Group Inc is 37.52. The forecasts range from a low of 28.28 to a high of $57.75. The average price target represents an increase of 34.24% from its latest reported closing price of 27.95.
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The projected annual revenue for Carlyle Group Inc is 4,283MM, an increase of 15.26%. The projected annual non-GAAP EPS is 3.99.
What is the Fund Sentiment?
There are 848 funds or institutions reporting positions in Carlyle Group Inc. This is an increase of 42 owner(s) or 5.21% in the last quarter. Average portfolio weight of all funds dedicated to CG is 0.23%, an increase of 13.28%. Total shares owned by institutions decreased in the last three months by 5.74% 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 holds 12,661K shares representing 3.50% ownership of the company. In it's prior filing, the firm reported owning 2,217K shares, representing an increase of 82.49%. The firm increased its portfolio allocation in CG by 476.41% over the last quarter.
Alkeon Capital Management holds 12,604K shares representing 3.48% ownership of the company. In it's prior filing, the firm reported owning 13,125K shares, representing a decrease of 4.14%. The firm 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 it's prior filing, the firm reported owning 12,638K shares, representing a decrease of 9.38%. The firm decreased its portfolio allocation in CG by 10.47% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,883K shares representing 2.18% ownership of the company. In it's prior filing, the firm reported owning 7,736K shares, representing an increase of 1.87%. The firm decreased its portfolio allocation in CG by 2.05% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,672K shares representing 1.84% ownership of the company. In it's prior filing, the firm reported owning 6,557K shares, representing an increase of 1.72%. The firm increased its portfolio allocation in CG by 1.65% over the last quarter.
Carlyle Group Inc Background Information
(This description is provided by the company.)
The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents.
Key filings for this company:
This story originally appeared on Fintel.
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