The Carlyle Group (NASDAQ:CG) Given New $59.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG) had its target price hoisted by Barclays from $57.00 to $59.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on CG. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. UBS Group upped their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.47.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $52.74 on Monday. The stock has a market capitalization of $18.86 billion, a P/E ratio of 181.86, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The Carlyle Group has a one year low of $36.64 and a one year high of $55.11. 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 business’s 50 day simple moving average is $50.52 and its two-hundred day simple moving average is $44.79.

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

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Transactions at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tobam purchased a new position in The Carlyle Group during the second quarter valued at $27,000. Blue Trust Inc. lifted its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the 3rd quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new stake in The Carlyle Group in the 2nd quarter worth approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.