Carlyle Group (NASDAQ:CG) Given New $48.00 Price Target at Barclays

Carlyle Group (NASDAQ:CG) had its price target lowered by Barclays from $53.00 to $48.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Piper Sandler dropped their target price on shares of Carlyle Group from $54.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Weiss Ratings downgraded shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Royal Bank Of Canada reduced their price target on shares of Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, October 5th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Monday, October 26th. Eight investment 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.com, the company currently has a consensus rating of “Hold” and an average price target of $52.00.

Carlyle Group Trading Down 0.7%

CG traded down $0.26 during trading on Friday, hitting $39.70. 3,402,943 shares of the stock were exchanged, compared to its average volume of 3,181,501. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a 50 day simple moving average of $40.64 and a 200 day simple moving average of $46.75. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 42.23, a P/E/G ratio of 1.32 and a beta of 1.84. Carlyle Group has a 1 year low of $35.41 and a 1 year high of $67.30.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The business’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. As a group, equities analysts expect that Carlyle Group will post 3.53 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.5%. Carlyle Group’s dividend payout ratio (DPR) is currently 148.94%.

Insider Activity at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new stake in shares of Carlyle Group in the 1st quarter valued at about $27,000. Allworth Financial LP bought a new position in shares of Carlyle Group during the 2nd quarter worth approximately $35,000. MassMutual Private Wealth & Trust FSB lifted its position in Carlyle Group by 36.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 258 shares during the last quarter. Compass Wealth Management LLC purchased a new stake in Carlyle Group during the third quarter valued at approximately $48,000. Finally, Western Wealth Management LLC acquired a new stake in Carlyle Group in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Key Stories Impacting Carlyle Group

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Carlyle reported Q3 distributable EPS of $1.12 and revenue of $994.5 million, both above analyst expectations. Its earnings call also highlighted record fee-related earnings and $479 billion in assets under management. Carlyle Q3 and fundraising report
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually. Carlyle dividend announcement
• Positive Sentiment: Carlyle is targeting $60 billion in fundraising for 2026. It has returned $24 billion to private-equity investors, a move intended to support future fundraising. Carlyle fundraising strategy
• Negative Sentiment: Deutsche Bank cut its price target to $48 from $51, while keeping a Buy rating. Barclays also lowered its target to $48, from $53, while maintaining an Overweight rating. The retained positive ratings temper, but do not erase, the signal of reduced price expectations. Deutsche Bank price target update
• Negative Sentiment: Despite the earnings beat, coverage described market caution about Carlyle’s future growth. That concern may help explain why the stock has been under pressure following results. Q3 fundraising and growth outlook

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.