TD Cowen Boosts The Carlyle Group (NASDAQ:CG) Price Target to $42.00

The Carlyle Group (NASDAQ:CG) had its price objective upped by TD Cowen from $41.00 to $42.00 in a research report report published on Tuesday morning, Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on CG. Jefferies Financial Group cut their target price on The Carlyle Group from $49.00 to $44.00 and set a hold rating on the stock in a research report on Thursday, May 9th. Oppenheimer cut their target price on The Carlyle Group from $69.00 to $64.00 and set an outperform rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered The Carlyle Group from an overweight rating to a neutral rating and cut their target price for the company from $46.00 to $44.00 in a research report on Tuesday. Barclays dropped their price target 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. Finally, The Goldman Sachs Group dropped their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a buy rating for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of Hold and a consensus price target of $45.57.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $39.23 on Tuesday. The business’s 50 day moving average price is $42.34 and its 200 day moving average price is $43.66. The company has a market cap of $14.12 billion, a price-to-earnings ratio of -21.92, a PEG ratio of 1.38 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 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 results 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 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 was up 131.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, research analysts predict that The Carlyle Group will post 3.87 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be paid a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.57%. The Carlyle Group’s dividend payout ratio 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 company’s stock in a transaction dated 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 sale, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,183,379 shares of company stock worth $79,577,951 over the last 90 days. Corporate insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CG. Thoroughbred Financial Services LLC grew its position in The Carlyle Group by 14.5% during the second quarter. Thoroughbred Financial Services LLC now owns 15,000 shares of the financial services provider’s stock worth $602,000 after buying an additional 1,901 shares during the period. Oppenheimer & Co. Inc. grew its position in The Carlyle Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 399,820 shares of the financial services provider’s stock worth $16,053,000 after buying an additional 5,176 shares during the period. Forsta AP Fonden grew its position in The Carlyle Group by 14.4% during the second quarter. Forsta AP Fonden now owns 64,300 shares of the financial services provider’s stock worth $2,582,000 after buying an additional 8,100 shares during the period. Qsemble Capital Management LP grew its position in The Carlyle Group by 11.0% during the second quarter. Qsemble Capital Management LP now owns 28,997 shares of the financial services provider’s stock worth $1,164,000 after buying an additional 2,877 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in The Carlyle Group by 10.4% during the second quarter. Daiwa Securities Group Inc. now owns 15,973 shares of the financial services provider’s stock worth $641,000 after buying an additional 1,500 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.