The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Analysts

The Carlyle Group Inc. (NASDAQ:CG) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.53.

Several research analysts have recently issued reports on CG shares. Wells Fargo & Company dropped their target price on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Evercore ISI raised their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Finally, Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $46.24 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50. The business has a 50 day moving average of $49.96 and a 200 day moving average of $49.37. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, sell-side analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is 50.36%.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its holdings in The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after purchasing an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after purchasing an additional 225 shares during the last quarter. Aviva PLC increased its stake in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in The Carlyle Group by 0.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after buying an additional 258 shares during the period. Finally, O ROURKE & COMPANY Inc grew its holdings in The Carlyle Group by 1.5% in the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock valued at $908,000 after buying an additional 266 shares during the period. 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.