Carlyle Group Inc. (NASDAQ:CG) Receives $66.00 Average PT from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG) have earned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $66.00.

A number of analysts recently issued reports on CG shares. Morgan Stanley lifted their price objective on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. cut their price target on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Keefe, Bruyette & Woods dropped their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. Finally, Jefferies Financial Group lifted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th.

Carlyle Group Stock Performance

Shares of CG opened at $56.30 on Friday. The company has a market capitalization of $20.29 billion, a PE ratio of 31.45, a PEG ratio of 1.40 and a beta of 2.06. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company’s 50 day moving average price is $56.31 and its 200 day moving average price is $56.88. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The company had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. During the same quarter in the prior year, the firm earned $0.95 EPS. Research analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Carlyle Group’s dividend payout ratio is currently 78.21%.

Institutional Trading of Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Carlyle Group by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 50,878 shares of the financial services provider’s stock valued at $2,218,000 after acquiring an additional 5,793 shares in the last quarter. LPL Financial LLC grew its holdings in Carlyle Group by 5.1% during the first quarter. LPL Financial LLC now owns 173,645 shares of the financial services provider’s stock valued at $7,569,000 after purchasing an additional 8,425 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Carlyle Group by 13.0% in the first quarter. Federated Hermes Inc. now owns 19,983 shares of the financial services provider’s stock worth $871,000 after buying an additional 2,303 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Carlyle Group by 159.8% during the 1st quarter. Natixis Advisors LLC now owns 139,983 shares of the financial services provider’s stock worth $6,102,000 after buying an additional 86,105 shares during the period. Finally, Moors & Cabot Inc. grew its stake in Carlyle Group by 32.5% in the 1st quarter. Moors & Cabot Inc. now owns 10,804 shares of the financial services provider’s stock valued at $471,000 after buying an additional 2,651 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

About 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.