The Carlyle Group Inc. (NASDAQ:CG) Receives $54.38 Consensus PT from Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been assigned a consensus rating of “Hold” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $54.38.

A number of equities research analysts have recently weighed in on the company. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, January 3rd. TD Cowen lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Barclays raised their price target on shares of The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Evercore ISI lifted their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th.

The Carlyle Group Stock Performance

NASDAQ CG opened at $50.32 on Thursday. The Carlyle Group has a 1 year low of $36.65 and a 1 year high of $55.11. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $18.00 billion, a P/E ratio of 173.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The firm’s fifty day moving average price is $51.85 and its two-hundred day moving average price is $46.47.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 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 net margin of 2.21% and a return on equity of 24.91%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. As a group, research analysts anticipate 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 was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insider Activity at The Carlyle Group

In related news, 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. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the sale, the insider now owns 2,405,461 shares in the company, valued at $5,292,014.20. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,542 shares of company stock worth $26,697,779. Corporate insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group in the third quarter valued at about $33,000. Tobam grew its position in shares of The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares in the last quarter. Blue Trust Inc. raised its stake in The Carlyle Group by 147.9% during the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in The Carlyle Group during the 2nd quarter valued at about $126,000. 55.88% of the stock is currently 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.