The Carlyle Group Inc. (NASDAQ:CG) Receives $54.38 Average Target Price from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has received a consensus recommendation of “Hold” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.38.

Several research analysts recently issued reports on the company. TD Cowen lifted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Morgan Stanley increased their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd.

The Carlyle Group Stock Down 3.8 %

CG opened at $50.32 on Thursday. The business has a 50 day moving average price of $51.85 and a two-hundred day moving average price of $46.47. The Carlyle Group has a 52 week low of $36.65 and a 52 week high of $55.11. The company has a market cap of $18.00 billion, a PE ratio of 173.52, a P/E/G ratio of 1.45 and a beta of 1.69. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. As a group, research analysts anticipate that The Carlyle Group will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.78%. The Carlyle Group’s payout ratio is currently 482.76%.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction 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 transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 250,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00. Following the completion of the transaction, the insider now directly owns 2,905,461 shares of the company’s stock, valued at approximately $6,479,178.03. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,020,542 shares of company stock worth $26,697,779. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SMH Capital Advisors Inc. acquired a new position in The Carlyle Group in the second quarter valued at about $636,000. JPMorgan Chase & Co. increased its stake in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Edgestream Partners L.P. lifted its stake in The Carlyle Group by 297.1% in the second quarter. Edgestream Partners L.P. now owns 159,596 shares of the financial services provider’s stock valued at $6,408,000 after buying an additional 119,402 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of The Carlyle Group by 74.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after buying an additional 19,160 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of The Carlyle Group by 15.6% during the second quarter. Canada Pension Plan Investment Board now owns 577,800 shares of the financial services provider’s stock worth $23,199,000 after acquiring an additional 77,800 shares during the period. Institutional investors own 55.88% of the company’s stock.

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.