The Carlyle Group (NASDAQ:CG) PT Lowered to $46.00 at Keefe, Bruyette & Woods

The Carlyle Group (NASDAQ:CG) had its target price reduced by Keefe, Bruyette & Woods from $48.00 to $46.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on CG. Oppenheimer dropped their target price on The Carlyle Group from $69.00 to $64.00 and set an outperform rating for the company in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an overweight rating to a neutral rating and cut their price objective for the company from $46.00 to $44.00 in a report on Tuesday. UBS Group lowered their target price 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. The Goldman Sachs Group cut their price target on 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. Finally, Barclays raised their price objective on The Carlyle Group from $47.00 to $51.00 and gave the stock an overweight rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $45.57.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.36 during mid-day trading on Tuesday, reaching $39.59. 497,512 shares of the company were exchanged, compared to its average volume of 2,288,641. The Carlyle Group has a twelve month low of $27.13 and a twelve month high of $50.92. The stock has a market capitalization of $14.25 billion, a P/E ratio of -21.92, a P/E/G ratio of 1.38 and a beta of 1.75. The company’s 50-day simple moving average is $42.34 and its 200-day simple moving average is $43.66. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during 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 Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. As a group, research analysts predict that The Carlyle Group will post 3.87 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 169,467 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $42.10, for a total value of $7,134,560.70. Following the sale, the insider now owns 8,724,346 shares in the company, valued at $367,294,966.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 2,183,379 shares of company stock valued at $79,577,951. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. Jessup Wealth Management Inc bought a new position in shares of The Carlyle Group during the first quarter worth about $7,631,000. New York State Teachers Retirement System acquired a new position in shares of The Carlyle Group in the fourth quarter worth approximately $1,349,000. Principal Financial Group Inc. increased its position in The Carlyle Group by 4,693.0% during the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new position in shares of The Carlyle Group in the 4th quarter worth approximately $5,410,000. 55.88% of the stock is 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.