Carlyle Group Inc. (NASDAQ:CG) Stock Rated “Hold” by Wall Street Brokerages

Carlyle Group Inc. (NASDAQ:CG) has earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $57.87.

Several equities research analysts recently commented on the stock. Evercore set a $51.00 price target on shares of Carlyle Group in a research report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price target on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Barclays raised their price objective on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Citizens Jmp lifted their price objective on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company raised shares of Carlyle Group to a “hold” rating in a report on Friday.

Carlyle Group Stock Down 1.4%

CG stock opened at $39.82 on Friday. Carlyle Group has a fifty-two week low of $38.72 and a fifty-two week high of $67.30. 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 stock has a market cap of $14.19 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.88. The firm’s 50-day simple moving average is $45.43 and its 200 day simple moving average is $46.06.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. As a group, sell-side analysts predict that Carlyle Group will post 3.6 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio is presently 145.83%.

Insiders Place Their Bets

In other news, Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Main Street Group LTD bought a new stake in shares of Carlyle Group during the first quarter worth $27,000. Allworth Financial LP acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at $35,000. MassMutual Private Wealth & Trust FSB grew its position in Carlyle Group by 36.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 258 shares during the last quarter. Western Wealth Management LLC acquired a new position in Carlyle Group in the 1st quarter worth about $52,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in Carlyle Group by 50.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 955 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle’s investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.