The Carlyle Group Inc. (NASDAQ:CG) Receives $44.25 Average Price Target from Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $44.73.

CG has been the subject of several recent research reports. Oppenheimer reduced their price target on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Barclays lowered their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JMP Securities upped their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. Finally, TD Cowen lowered their price target on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd.

The Carlyle Group Price Performance

Shares of CG stock opened at $41.99 on Friday. The stock has a 50-day moving average price of $45.75 and a 200 day moving average price of $40.16. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of -23.46, a PEG ratio of 1.01 and a beta of 1.77. The Carlyle Group has a 12 month low of $25.47 and a 12 month high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same quarter last year, the firm posted $0.63 earnings per share. The Carlyle Group’s revenue was up 35.6% compared to the same quarter last year. Research analysts expect that The Carlyle Group will post 3.94 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.33%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after acquiring an additional 1,756,189 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after purchasing an additional 3,524,794 shares during the last quarter. Ariel Investments LLC increased its stake in The Carlyle Group by 16.9% in the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after buying an additional 918,114 shares during the last quarter. Norges Bank bought a new position in shares of The Carlyle Group during the 4th quarter worth approximately $130,771,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of The Carlyle Group by 194.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after acquiring an additional 1,712,133 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Company Profile

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.