The Carlyle Group (NASDAQ:CG) Price Target Cut to $46.00 by Analysts at Bank of America

The Carlyle Group (NASDAQ:CG) had its price target trimmed by Bank of America from $47.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an underperform rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI upped their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Barclays lowered their price target on The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Oppenheimer lowered shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Performance

NASDAQ CG opened at $35.89 on Friday. The business has a 50-day moving average price of $47.81 and a 200-day moving average price of $49.51. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The Carlyle Group has a twelve month low of $33.02 and a twelve month high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

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

The Carlyle Group Dividend Announcement

The company also recently declared 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 3.90%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in The Carlyle Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider’s stock worth $1,169,420,000 after buying an additional 180,757 shares during the period. Capital World Investors lifted its stake in shares of The Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider’s stock worth $998,609,000 after purchasing an additional 50,784 shares during the last quarter. William Blair Investment Management LLC boosted its position in The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after purchasing an additional 1,773,465 shares in the last quarter. Boston Partners raised its holdings in The Carlyle Group by 7.1% in the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider’s stock worth $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 201.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock valued at $320,684,000 after buying an additional 4,244,131 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

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.