Barclays Sticks to Its Buy Rating for Carlyle Group (CG)

Barclays analyst Benjamin Budish maintained a Buy rating on Carlyle Group today and set a price target of $65.00.

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Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Robinhood, and Interactive Brokers. According to TipRanks, Budish has an average return of 16.5% and a 64.72% success rate on recommended stocks.

In a report released on January 7, Wolfe Research also maintained a Buy rating on the stock with a $83.00 price target.

Based on Carlyle Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $780.5 million and a net profit of $900 thousand. In comparison, last year the company earned a revenue of $1.49 billion and had a net profit of $595.7 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CG in relation to earlier this year. Last month, David M. Rubenstein, a Director at CG sold 625,000.00 shares for a total of $35,343,750.00.