Barclays Cuts The Carlyle Group (NASDAQ:CG) Price Target to $43.00

The Carlyle Group (NASDAQ:CG) had its target price decreased by Barclays from $55.00 to $43.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Evercore ISI upped 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. Wells Fargo & Company cut their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, March 20th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.25.

The Carlyle Group Trading Up 2.9 %

The Carlyle Group stock opened at $36.92 on Monday. 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 has a 12-month low of $33.02 and a 12-month high of $57.50. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 1.72. The firm has a 50 day moving average of $47.43 and a 200 day moving average of $49.56.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate 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, research analysts predict that The Carlyle Group will post 4.48 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after purchasing an additional 220 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in The Carlyle Group by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after buying an additional 225 shares in the last quarter. Aviva PLC raised its stake in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after buying an additional 227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in The Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after acquiring an additional 258 shares in the last quarter. Finally, O ROURKE & COMPANY Inc increased its holdings in shares of The Carlyle Group by 1.5% during the fourth quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock valued at $908,000 after acquiring an additional 266 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.