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

Shares of The Carlyle Group Inc. (NASDAQ:CG) have earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $53.33.

Several brokerages have commented on CG. StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays upped their price objective on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Oppenheimer upped their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 over the last ninety days. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of institutional investors have recently made changes to their positions in the company. Tobam purchased a new position in The Carlyle Group during the second quarter worth approximately $27,000. Blue Trust Inc. lifted its position in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Brooklyn Investment Group purchased a new position in The Carlyle Group during the third quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in The Carlyle Group during the second quarter worth approximately $50,000. Finally, 1832 Asset Management L.P. purchased a new stake in The Carlyle Group in the first quarter valued at $55,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Up 0.6 %

Shares of CG opened at $51.14 on Wednesday. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 176.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The Carlyle Group has a 1 year low of $31.21 and a 1 year high of $54.52. The business’s 50 day simple moving average is $47.48 and its 200-day simple moving average is $43.81. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts expect that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

About The Carlyle Group

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.