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

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $54.44.

A number of equities research analysts recently issued reports on the stock. Barclays upped their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company upped their price target on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Finally, TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th.

The Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $53.90 on Thursday. The business has a fifty day simple moving average of $51.93 and a 200 day simple moving average of $46.68. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $55.11. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of 185.86, a P/E/G ratio of 1.45 and a beta of 1.69.

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

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is presently 482.76%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated 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 owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 27.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently modified their holdings of CG. Brooklyn Investment Group acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth about $33,000. Tobam increased its holdings in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $57,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. raised its position in The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,139 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

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.