Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) PT at $45.57

The Carlyle Group Inc. (NASDAQ:CG) has been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.43.

CG has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Barclays decreased their price objective on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods cut their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Oppenheimer lowered their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Finally, UBS Group reduced their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the sale, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,261,559 shares of company stock worth $82,700,460. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tobam acquired a new position in shares of The Carlyle Group during the second quarter valued at about $27,000. Blue Trust Inc. boosted its stake in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group in the first quarter worth approximately $34,000. GAMMA Investing LLC purchased a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $38,000. Finally, Global Retirement Partners LLC grew its holdings in The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Down 2.2 %

Shares of CG opened at $41.11 on Monday. 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 stock has a market capitalization of $14.79 billion, a PE ratio of -22.97, a P/E/G ratio of 1.38 and a beta of 1.75. The firm’s 50 day moving average is $42.13 and its 200-day moving average is $43.71. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $50.92.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The Carlyle Group’s revenue was up 131.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. Equities research analysts forecast that The Carlyle Group will post 3.87 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, August 16th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

The Carlyle Group Company Profile

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.