The Carlyle Group Inc. (NASDAQ:CG) Receives $54.38 Average Target Price from Brokerages

The Carlyle Group Inc. (NASDAQ:CG) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $54.44.

Several equities analysts recently commented on CG shares. Keefe, Bruyette & Woods boosted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. TD Cowen boosted their target price on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Barclays raised their price target on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. Finally, Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the business’s 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 of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the transaction, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. The trade was a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.20% of the stock is owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently made changes to their positions in CG. Ariel Investments LLC increased its stake in 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 worth $198,250,000 after acquiring an additional 54,805 shares during the last quarter. FMR LLC lifted its holdings in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock worth $90,999,000 after acquiring an additional 137,541 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $50.54 on Thursday. The firm has a market capitalization of $18.08 billion, a P/E ratio of 174.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $51.88 and its 200 day simple moving average is $46.60. The Carlyle Group has a 12 month low of $36.65 and a 12 month high of $55.11.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The Carlyle Group’s revenue was up 15.2% on a year-over-year basis. As a group, analysts anticipate that The Carlyle Group will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.77%. The Carlyle Group’s dividend payout ratio is 482.76%.

About The Carlyle Group

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.