The Carlyle Group (NASDAQ:CG) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Other research analysts also recently issued reports about the stock. TD Cowen boosted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group increased their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $53.33.

The Carlyle Group Stock Down 1.2 %

Shares of CG opened at $50.46 on Tuesday. The firm has a market cap of $18.05 billion, a P/E ratio of 174.00, a P/E/G ratio of 1.36 and a beta of 1.70. The stock has a 50 day simple moving average of $46.95 and a two-hundred day simple moving average of $43.65. The Carlyle Group has a 1 year low of $31.21 and a 1 year high of $54.52. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

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, beating analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million during 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 firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 EPS. On average, analysts forecast that The Carlyle Group will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value 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 $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was 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 over the last ninety days. Insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several large investors have recently added to or reduced their stakes in CG. Tobam bought a new position in shares of The Carlyle Group in the second quarter worth about $27,000. Blue Trust Inc. boosted its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the period. Brooklyn Investment Group purchased a new stake in shares of The Carlyle Group in the third quarter worth $33,000. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group during the 2nd quarter valued at $50,000. Finally, 1832 Asset Management L.P. purchased a new stake in The Carlyle Group in the 1st quarter worth $55,000. 55.88% of the stock is currently owned by 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.