Carlyle Group (NASDAQ:CG) Earns Outperform Rating from Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Carlyle Group (NASDAQ:CG) in a research note released on Friday, Marketbeat reports. The firm issued an outperform rating and a $74.00 price target on the financial services provider’s stock.

A number of other analysts have also weighed in on the stock. Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Jefferies Financial Group increased their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Barclays restated an “overweight” rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. Finally, Citigroup reissued an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and an average price target of $60.87.

Carlyle Group Trading Up 2.9%

CG stock opened at $63.48 on Friday. The firm’s fifty day simple moving average is $63.99 and its two-hundred day simple moving average is $52.39. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.15 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group’s payout ratio is presently 40.94%.

Insider Buying and Selling

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

A number of hedge funds have recently bought and sold shares of CG. Allworth Financial LP lifted its stake in shares of Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group during the second quarter valued at about $26,000. Private Trust Co. NA boosted its holdings in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Finally, National Pension Service lifted its position in Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

About 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.