The Carlyle Group (NASDAQ:CG) PT Raised to $78.00 at Oppenheimer

The Carlyle Group (NASDAQ:CG) had its price objective upped by Oppenheimer from $64.00 to $78.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Barclays raised their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday. JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $50.27.

The Carlyle Group Stock Up 1.7 %

Shares of CG stock opened at $49.42 on Wednesday. The firm has a fifty day moving average of $42.02 and a 200-day moving average of $42.87. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $50.92. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of -27.61, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. As a group, equities research analysts predict that The Carlyle Group will post 3.76 earnings per share for the current fiscal 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 given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 135,241 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $35.31, for a total transaction of $4,775,359.71. Following the transaction, the insider now directly owns 10,427,317 shares of the company’s stock, valued at approximately $368,188,563.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,609,335 shares of company stock worth $50,141,281 in the last ninety days. 27.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares in the last quarter. Capital World Investors raised its position in The Carlyle Group by 0.4% during the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after purchasing an additional 79,681 shares in the last quarter. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 6.5% during the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after purchasing an additional 721,608 shares during the last quarter. Ariel Investments LLC increased its stake in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of The Carlyle Group during the 1st quarter worth $142,511,000. 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.