The Carlyle Group Inc. (NASDAQ:CG) Receives Average Recommendation of “Hold” from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.00.

CG has been the subject of several research analyst reports. Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. UBS Group raised their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their price objective on The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th.

The Carlyle Group Price Performance

CG stock opened at $50.22 on Friday. The stock has a market cap of $17.96 billion, a price-to-earnings ratio of 173.17, a PEG ratio of 1.45 and a beta of 1.69. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. The business has a 50 day moving average price of $51.56 and a 200 day moving average price of $45.30.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Equities research analysts anticipate that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.79%. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Insider Transactions at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. 27.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. grew its holdings in The Carlyle Group by 4.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,864 shares of the financial services provider’s stock valued at $559,000 after buying an additional 495 shares during the period. Franklin Resources Inc. increased its position in The Carlyle Group by 145.6% during the third quarter. Franklin Resources Inc. now owns 28,210 shares of the financial services provider’s stock worth $1,215,000 after purchasing an additional 16,723 shares during the last quarter. Tidal Investments LLC purchased a new position in The Carlyle Group during the third quarter worth approximately $212,000. Toronto Dominion Bank boosted its holdings in shares of The Carlyle Group by 15.0% in the 3rd quarter. Toronto Dominion Bank now owns 57,801 shares of the financial services provider’s stock valued at $2,489,000 after purchasing an additional 7,533 shares during the last quarter. Finally, Empire Financial Management Company LLC acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth $818,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.