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

Carlyle Group Inc. (NASDAQ:CG) has been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $61.2857.

Several research firms have issued reports on CG. Barclays cut their price target on Carlyle Group from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Morgan Stanley cut their price objective on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. TD Cowen decreased their target price on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $44.71 on Monday. Carlyle Group has a 1-year low of $39.60 and a 1-year high of $69.85. The company’s fifty day simple moving average is $45.33 and its 200-day simple moving average is $51.16. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a market capitalization of $16.09 billion, a PE ratio of 30.62, a P/E/G ratio of 1.48 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was down 28.0% on a year-over-year basis. As a group, equities analysts anticipate that Carlyle Group will post 3.89 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.1%. Carlyle Group’s dividend payout ratio is currently 95.89%.

Hedge Funds Weigh In On Carlyle Group

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after purchasing an additional 934,237 shares in the last quarter. Morgan Stanley lifted its holdings in Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after purchasing an additional 84,228 shares in the last quarter. State Street Corp boosted its stake in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after buying an additional 117,223 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Carlyle Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after buying an additional 79,134 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About Carlyle Group

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.