The Carlyle Group (NASDAQ:CG) PT Lowered to $44.00 at UBS Group

The Carlyle Group (NASDAQ:CG) had its price objective reduced by UBS Group from $45.00 to $44.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Several other analysts have also issued reports on CG. Keefe, Bruyette & Woods reissued a market perform rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. TD Cowen cut their price target on The Carlyle Group from $45.00 to $41.00 and set a hold rating for the company in a report on Monday, July 8th. The Goldman Sachs Group cut their price target on The Carlyle Group from $54.00 to $48.00 and set a buy rating for the company in a report on Thursday, May 2nd. Oppenheimer cut their price target on The Carlyle Group from $74.00 to $68.00 and set an outperform rating for the company in a report on Thursday, May 2nd. Finally, Barclays lowered their price objective on The Carlyle Group from $56.00 to $47.00 and set an overweight rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $44.93.

The Carlyle Group Stock Up 1.5 %

The Carlyle Group stock opened at $43.23 on Wednesday. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of -24.15, a PEG ratio of 1.17 and a beta of 1.75. The stock has a fifty day simple moving average of $41.57 and a two-hundred day simple moving average of $42.96. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $48.52. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53.

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

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.24%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 24,390 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total value of $733,895.10. Following the sale, the insider now directly owns 11,141,580 shares in the company, valued at $335,250,142.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 833,161 shares of company stock worth $28,411,148. 27.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently modified their holdings of the company. Royal London Asset Management Ltd. boosted its holdings in shares of The Carlyle Group by 1.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 62,424 shares of the financial services provider’s stock valued at $1,883,000 after purchasing an additional 973 shares during the last quarter. Symmetry Partners LLC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at $207,000. Diversified Trust Co acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $2,110,000. Nordea Investment Management AB lifted its holdings in shares of The Carlyle Group by 29.2% during the 4th quarter. Nordea Investment Management AB now owns 15,265 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 3,450 shares in the last quarter. Finally, Triangle Securities Wealth Management lifted its holdings in shares of The Carlyle Group by 13.6% during the 4th quarter. Triangle Securities Wealth Management now owns 9,170 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other 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.