The Carlyle Group Inc. (NASDAQ:CG) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.33.

Several research firms recently issued reports on CG. Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Evercore ISI boosted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. UBS Group boosted their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

The Carlyle Group Price Performance

NASDAQ:CG opened at $51.14 on Wednesday. The Carlyle Group has a 52 week low of $31.21 and a 52 week high of $54.52. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $18.29 billion, a P/E ratio of 176.34, a P/E/G ratio of 1.33 and a beta of 1.70. The stock’s fifty day moving average is $47.48 and its two-hundred day moving average is $43.81.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Equities analysts expect that The Carlyle Group will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.74%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 92,905 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35. Following the completion of the sale, the insider now directly owns 3,155,461 shares of the company’s stock, valued at $7,162,896.47. This represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tobam purchased a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $50,000. Finally, 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group during the 1st quarter worth approximately $55,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

About The Carlyle Group

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.