Carlyle Group (NASDAQ:CG) Stock Gets Price Target Cut from UBS Group

Carlyle Group (NASDAQ:CG) had its target price trimmed by UBS Group from $70.00 to $60.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also issued reports on CG. Royal Bank Of Canada reduced their price target on Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, October 5th. Barclays decreased their price objective on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. Keefe, Bruyette & Woods upped their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company started coverage on shares of Carlyle Group in a report on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.40.

Carlyle Group Stock Up 2.9%

Carlyle Group stock opened at $36.81 on Tuesday. Carlyle Group has a twelve month low of $35.41 and a twelve month high of $67.30. The stock’s fifty day simple moving average is $43.70 and its 200-day simple moving average is $45.47. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $13.12 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.05 and a beta of 1.88.

Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same period last year, the business posted $0.87 earnings per share. Carlyle Group’s revenue was down 28.6% compared to the same quarter last year. As a group, equities analysts expect that Carlyle Group will post 3.58 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a $0.35 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.8%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Insider Transactions at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the transaction, the director directly owned 26,899,644 shares of the company’s stock, valued at approximately $1,149,690,784.56. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Main Street Group LTD acquired a new position in Carlyle Group in the first quarter valued at approximately $27,000. Allworth Financial LP acquired a new stake in Carlyle Group during the second quarter worth approximately $35,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Carlyle Group by 36.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after buying an additional 258 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Carlyle Group during the 1st quarter worth approximately $52,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Carlyle Group in the 1st quarter valued at $57,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle’s investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.