The Carlyle Group Inc. (NASDAQ:CG) Receives Average Recommendation of “Hold” from Brokerages

The Carlyle Group Inc. (NASDAQ:CG) has received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $45.60.

A number of research firms have recently weighed in on CG. TD Cowen decreased their price target on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Oppenheimer dropped their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Barclays reduced their price target on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th.

The Carlyle Group Trading Down 2.2 %

NASDAQ CG opened at $40.10 on Friday. The stock has a market cap of $14.43 billion, a P/E ratio of -22.40, a PEG ratio of 1.15 and a beta of 1.77. The company’s fifty day simple moving average is $42.70 and its 200-day simple moving average is $42.86. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group has a 52 week low of $27.13 and a 52 week high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities research analysts predict that The Carlyle Group will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.49%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 64,263 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the transaction, the insider now owns 12,395,920 shares in the company, valued at $498,687,861.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 291,886 shares of company stock worth $10,803,048 over the last ninety days. 27.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of CG. SYSTM Wealth Solutions LLC bought a new stake in shares of The Carlyle Group during the 1st quarter worth $34,000. CVA Family Office LLC purchased a new position in The Carlyle Group during the 4th quarter worth approximately $35,000. GAMMA Investing LLC acquired a new stake in The Carlyle Group during the 4th quarter valued at $38,000. Global Retirement Partners LLC boosted its position in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. Finally, 1832 Asset Management L.P. acquired a new position in The Carlyle Group during the first quarter valued at $55,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.