The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG) have earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $54.53.

A number of research firms have recently issued reports on CG. Barclays dropped their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Evercore ISI boosted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer downgraded shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th.

The Carlyle Group Price Performance

CG opened at $43.15 on Tuesday. The stock has a fifty day simple moving average of $49.27 and a two-hundred day simple moving average of $49.50. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Research analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The Carlyle Group’s payout ratio is currently 50.36%.

Hedge Funds Weigh In On The Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of The Carlyle Group in the third quarter worth about $265,000. Segall Bryant & Hamill LLC purchased a new position in shares of The Carlyle Group during the 3rd quarter valued at approximately $560,000. Raymond James Trust N.A. boosted its holdings in The Carlyle Group by 7.0% during the third quarter. Raymond James Trust N.A. now owns 10,765 shares of the financial services provider’s stock worth $464,000 after buying an additional 708 shares in the last quarter. Citigroup Inc. raised its holdings in The Carlyle Group by 25.9% in the 3rd quarter. Citigroup Inc. now owns 86,749 shares of the financial services provider’s stock worth $3,735,000 after purchasing an additional 17,838 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of The Carlyle Group by 2.1% during the 3rd quarter. Cerity Partners LLC now owns 71,553 shares of the financial services provider’s stock valued at $3,081,000 after buying an additional 1,451 shares in the last quarter. 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.