Analysts Set The Carlyle Group Inc. (NASDAQ:CG) Target Price at $45.81

The Carlyle Group Inc. (NASDAQ:CG) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $46.87.

CG has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company began coverage on shares of The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price target for the company. Oppenheimer lowered their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Barclays reduced their target price on 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. Finally, JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th.

The Carlyle Group Trading Up 4.2 %

NASDAQ CG opened at $46.88 on Tuesday. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of -26.19, a PEG ratio of 1.30 and a beta of 1.73. The business’s fifty day moving average is $41.51 and its 200-day moving average is $42.83. 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 Carlyle Group has a one year low of $27.13 and a one year 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 Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same period last year, the company posted $0.88 earnings per share. The Carlyle Group’s revenue for the quarter was up 131.5% on a year-over-year basis. Equities research analysts predict that The Carlyle Group will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s payout ratio is presently -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total transaction of $733,895.10. Following the completion of the transaction, the insider now directly owns 11,141,580 shares of the company’s stock, valued at $335,250,142.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 1,512,761 shares of company stock worth $56,845,787. 27.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tobam purchased a new position in The Carlyle Group in the 2nd quarter worth about $27,000. Blue Trust Inc. raised its holdings in shares of The Carlyle Group by 506.3% during the second 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 bought a new position in The Carlyle Group during the first quarter valued at approximately $34,000. Rothschild Investment LLC bought a new stake in The Carlyle Group in the 2nd quarter worth approximately $50,000. Finally, GAMMA Investing LLC raised its stake in The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after buying an additional 215 shares during the last quarter. 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.