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 Sunday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on CG. BMO Capital Markets reiterated an “outperform” rating and set a $52.00 price objective on shares of Carlyle Group in a report on Monday, July 13th. Barclays dropped their price target on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Evercore set a $51.00 price objective on shares of Carlyle Group in a report on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company initiated coverage on Carlyle Group in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.60.

Carlyle Group Stock Performance

NASDAQ:CG opened at $37.31 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group has a twelve month low of $35.41 and a twelve month high of $67.30. The company has a fifty day moving average of $43.03 and a 200-day moving average of $45.24. The firm has a market capitalization of $13.29 billion, a P/E ratio of 38.86, a P/E/G ratio of 1.07 and a beta of 1.88.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. Carlyle Group’s revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, sell-side analysts anticipate that Carlyle Group will post 3.56 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.8%. Carlyle Group’s dividend payout ratio is presently 145.83%.

Insider Transactions at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the sale, the director owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caz Investments LP purchased a new stake in shares of Carlyle Group in the second quarter worth about $4,464,000. Miller Value Partners LLC bought a new position in shares of Carlyle Group in the second quarter valued at approximately $1,684,000. United Capital Financial Advisors LLC purchased a new position in Carlyle Group during the second quarter valued at approximately $1,206,000. William Blair Investment Management LLC purchased a new position in Carlyle Group during the second quarter valued at approximately $249,077,000. Finally, Hsbc Holdings PLC increased its holdings in Carlyle Group by 33.5% during the 2nd quarter. Hsbc Holdings PLC now owns 283,206 shares of the financial services provider’s stock worth $11,914,000 after acquiring an additional 71,039 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.