Carlyle Group Inc. (NASDAQ:CG) Receives $66.14 Average PT from Analysts

Carlyle Group Inc. (NASDAQ:CG) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $66.1429.

A number of brokerages have recently issued reports on CG. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. cut their price target on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Keefe, Bruyette & Woods lowered their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Evercore ISI cut their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares during the period. WFA of San Diego LLC bought a new position in shares of Carlyle Group in the 2nd quarter worth $26,000. Quarry LP bought a new stake in Carlyle Group during the 3rd quarter valued at $33,000. Motco acquired a new position in Carlyle Group during the third quarter worth $40,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Carlyle Group in the third quarter valued at $41,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $60.33 on Thursday. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.32 and a beta of 2.06. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The company’s fifty day moving average is $55.90 and its 200 day moving average is $58.65. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The firm had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.During the same period in the previous year, the business earned $0.95 EPS. Sell-side analysts forecast that Carlyle Group will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, November 10th. Carlyle Group’s payout ratio is presently 78.21%.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.