Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) Price Target at $53.33

The Carlyle Group Inc. (NASDAQ:CG) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $53.33.

CG has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI increased their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Friday.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now directly owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in The Carlyle Group during the first quarter worth $269,000. O Shaughnessy Asset Management LLC purchased a new position in The Carlyle Group in the first quarter valued at $228,000. UniSuper Management Pty Ltd grew its stake in The Carlyle Group by 121.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,100 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,700 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of The Carlyle Group during the first quarter worth about $354,000. Finally, National Bank of Canada FI lifted its stake in The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock worth $18,953,000 after acquiring an additional 149,612 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 1.6 %

Shares of The Carlyle Group stock opened at $53.65 on Wednesday. The firm has a fifty day moving average price of $48.30 and a 200 day moving average price of $44.00. The stock has a market cap of $19.19 billion, a PE ratio of 185.00, a price-to-earnings-growth ratio of 1.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a 1 year low of $32.09 and a 1 year high of $54.52.

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

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.

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.