UBS Group Lowers The Carlyle Group (NASDAQ:CG) Price Target to $44.00

The Carlyle Group (NASDAQ:CG) had its price objective cut by UBS Group from $45.00 to $44.00 in a report published on Wednesday, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other analysts also recently commented on CG. Oppenheimer decreased their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. The Goldman Sachs Group decreased their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a buy rating for the company in a research report on Thursday, May 2nd. Barclays decreased their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an overweight rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group decreased their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a hold rating for the company in a research report on Thursday, May 9th. Finally, Keefe, Bruyette & Woods reissued a market perform rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $44.93.

The Carlyle Group Stock Up 1.5 %

The Carlyle Group stock opened at $43.23 on Wednesday. The firm has a market cap of $15.56 billion, a PE ratio of -24.15, a P/E/G ratio of 1.17 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The firm’s 50 day moving average price is $41.57 and its two-hundred day moving average price is $42.96. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. On average, research analysts predict that The Carlyle Group will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the transaction, the insider now owns 12,123,705 shares in the company, valued at approximately $438,756,883.95. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 833,161 shares of company stock valued at $28,411,148 in the last ninety days. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds have recently made changes to their positions in the business. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group during the 1st quarter worth about $34,000. CVA Family Office LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $35,000. GAMMA Investing LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth about $38,000. Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group during the 1st quarter worth about $55,000. Institutional investors and hedge funds 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.