The Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of “Buy” from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has received an average recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.55.

Several brokerages recently commented on CG. BMO Capital Markets raised The Carlyle Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $59.00 to $65.00 in a research note on Monday, September 13th. Deutsche Bank Aktiengesellschaft raised The Carlyle Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $53.00 to $58.00 in a research report on Wednesday, August 11th. Zacks Investment Research raised The Carlyle Group from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Tuesday, August 3rd. Morgan Stanley upped their target price on The Carlyle Group from $44.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 20th. Finally, upped their target price on The Carlyle Group from $49.50 to $51.50 and gave the stock a “buy” rating in a research report on Wednesday, June 16th.

In other news, General Counsel Jeffrey W. Ferguson sold 14,653 shares of the stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $48.80, for a total transaction of $715,066.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Management L.L.C sold 192,235 shares of the stock in a transaction on Wednesday, July 28th. The stock was sold at an average price of $54.65, for a total value of $10,505,642.75. The disclosure for this sale can be found here. Insiders have sold 10,999,985 shares of company stock valued at $536,430,537 over the last quarter. Corporate insiders own 36.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CG. Victory Capital Management Inc. boosted its holdings in The Carlyle Group by 1,273.6% in the first quarter. Victory Capital Management Inc. now owns 422,709 shares of the financial services provider’s stock valued at $15,539,000 after acquiring an additional 391,935 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in The Carlyle Group by 241.9% in the first quarter. Commonwealth Equity Services LLC now owns 73,775 shares of the financial services provider’s stock valued at $2,712,000 after acquiring an additional 52,194 shares during the last quarter. Standard Life Aberdeen plc bought a new position in The Carlyle Group in the first quarter valued at about $238,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in The Carlyle Group by 25.5% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,498 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 6,400 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in The Carlyle Group by 1.9% during the first quarter. Arizona State Retirement System now owns 40,743 shares of the financial services provider’s stock worth $1,498,000 after buying an additional 748 shares during the last quarter. Institutional investors and hedge funds own 39.48% of the company’s stock.

Shares of CG traded up $0.03 during trading hours on Monday, reaching $48.34. The company’s stock had a trading volume of 1,057,315 shares, compared to its average volume of 1,697,970. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 6.70 and a beta of 1.38. The Carlyle Group has a 1-year low of $24.04 and a 1-year high of $51.55. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 1.67. The company has a 50 day moving average of $48.38 and a two-hundred day moving average of $44.38.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Thursday, July 29th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The company had revenue of $919.00 million for the quarter, compared to the consensus estimate of $674.76 million. The Carlyle Group had a return on equity of 26.95% and a net margin of 38.32%. As a group, analysts forecast that The Carlyle Group will post 3.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 17th. Investors of record on Tuesday, August 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. The Carlyle Group’s payout ratio is 48.78%.

The Carlyle Group Company Profile

The Carlyle Group, Inc engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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