The Carlyle Group Inc. (NASDAQ:CG) Receives $45.60 Consensus PT from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has earned an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $45.60.

Several analysts have issued reports on CG shares. The Goldman Sachs Group lowered their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. TD Cowen reduced their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group reduced their target price on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Oppenheimer reduced their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd.

The Carlyle Group Stock Up 0.7 %

CG opened at $40.15 on Friday. The firm has a 50 day moving average price of $42.25 and a 200 day moving average price of $42.98. The company has a market cap of $14.45 billion, a PE ratio of -22.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77. The Carlyle Group has a 1 year low of $27.13 and a 1 year high of $48.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter last year, the company earned $0.63 earnings per share. The Carlyle Group’s revenue for the quarter was up 35.6% on a year-over-year basis. Sell-side analysts expect that The Carlyle Group will post 3.9 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s payout ratio is -78.21%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 81,482 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $33.19, for a total value of $2,704,387.58. Following the sale, the insider now directly owns 11,617,068 shares in the company, valued at $385,570,486.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 514,288 shares of company stock worth $18,383,593. 27.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CG. HighTower Advisors LLC increased its holdings in shares of The Carlyle Group by 13.8% during the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock valued at $1,121,000 after purchasing an additional 4,534 shares during the period. Rhumbline Advisers grew its holdings in The Carlyle Group by 1.2% during the third quarter. Rhumbline Advisers now owns 239,705 shares of the financial services provider’s stock worth $7,229,000 after acquiring an additional 2,764 shares during the period. Kestra Advisory Services LLC acquired a new position in The Carlyle Group during the third quarter worth about $221,000. Envestnet Asset Management Inc. grew its holdings in The Carlyle Group by 27.9% during the third quarter. Envestnet Asset Management Inc. now owns 308,156 shares of the financial services provider’s stock worth $9,294,000 after acquiring an additional 67,236 shares during the period. Finally, FMR LLC grew its holdings in The Carlyle Group by 11.0% during the third quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock worth $64,381,000 after acquiring an additional 211,210 shares during the period. 55.88% of the stock is 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.