The Carlyle Group (NASDAQ:CG) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of The Carlyle Group (NASDAQ:CG) in a research note released on Thursday, Marketbeat reports. The brokerage issued an equal weight rating and a $42.00 price target on the financial services provider’s stock.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered The Carlyle Group from an overweight rating to a neutral rating and cut their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Oppenheimer dropped their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an outperform rating for the company in a research report on Tuesday, August 6th. Barclays decreased their price objective on shares of The Carlyle Group from $51.00 to $46.00 and set an overweight rating for the company in a research note on Tuesday, August 6th. UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on The Carlyle Group from $55.00 to $53.00 and set a buy rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of Hold and a consensus price target of $45.81.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $40.05 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market cap of $14.27 billion, a PE ratio of -22.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73. The company has a 50-day simple moving average of $41.86 and a 200-day simple moving average of $43.09. 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 posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same quarter last year, the business earned $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. On average, equities analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.50%. The Carlyle Group’s payout ratio is -78.21%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the completion of the transaction, the insider now owns 8,441,022 shares in the company, valued at approximately $337,134,418.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 2,069,315 shares of company stock worth $75,483,527. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in The Carlyle Group in the fourth quarter worth about $130,771,000. Capital International Investors bought a new position in shares of The Carlyle Group in the first quarter valued at approximately $142,511,000. Boston Partners bought a new stake in The Carlyle Group during the first quarter worth approximately $109,122,000. Vanguard Group Inc. lifted its position in The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of The Carlyle Group by 194.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after purchasing an additional 1,712,133 shares during the period. Institutional investors own 55.88% of the company’s stock.

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.