Fintel reports that on August 3, 2023, Oppenheimer maintained coverage of Carlyle Group Inc (NASDAQ:CG) with a Outperform recommendation.
Analyst Price Forecast Suggests 22.20% Upside
As of August 2, 2023, the average one-year price target for Carlyle Group Inc is 40.22. The forecasts range from a low of 29.29 to a high of $63.00. The average price target represents an increase of 22.20% from its latest reported closing price of 32.91.
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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 830 funds or institutions reporting positions in Carlyle Group Inc. This is a decrease of 5 owner(s) or 0.60% in the last quarter. Average portfolio weight of all funds dedicated to CG is 0.23%, a decrease of 9.03%. Total shares owned by institutions increased in the last three months by 3.89% to 229,277K shares. 
The put/call ratio of CG is 0.34, indicating a bullish 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.
AMECX - INCOME FUND OF AMERICA holds 7,589K shares representing 2.10% ownership of the company. In it's prior filing, the firm reported owning 2,217K shares, representing an increase of 70.79%. The firm increased its portfolio allocation in CG by 193.24% 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.
Additional reading:
- Summary earnings press release of The Carlyle Group Inc., dated August 2, 2023.
- Earnings presentation of The Carlyle Group Inc., dated August 2, 2023.
- Senior and Subordinated Notes, Issuers and Guarantors.
- Form of Global Restricted Stock Unit Agreement for Time-Based Awards to Non-Employee Directors.
- Carlyle Names John Redett as Chief Financial Officer and Head of Corporate Strategy Curt Buser to retire after nearly 20 years at the firm Jim Burr succeeds John Redett as Head of Global Financial Services
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
