Carlyle Group (NASDAQ:CG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Several other brokerages have also issued reports on CG. Evercore set a $51.00 target price on shares of Carlyle Group in a research report on Thursday, August 6th. Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, Citizens Jmp increased their target price on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.31.

Carlyle Group Price Performance

Carlyle Group stock opened at $48.39 on Friday. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.50 and a beta of 1.82. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The business has a 50-day simple moving average of $46.14 and a 200 day simple moving average of $47.58. Carlyle Group has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company’s revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. On average, research analysts forecast that Carlyle Group will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is 145.83%.

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Carlyle Group by 40.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after buying an additional 332,533 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the period. Focus Partners Wealth lifted its stake in shares of Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the period. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.