The Carlyle Group (NASDAQ:CG) Given New $48.00 Price Target at The Goldman Sachs Group

The Carlyle Group (NASDAQ:CG) had its price target decreased by The Goldman Sachs Group from $54.00 to $48.00 in a research report report published on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

CG has been the subject of a number of other reports. Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an equal weight rating in a research report on Wednesday, January 24th. Barclays lifted their price target on The Carlyle Group from $55.00 to $56.00 and gave the stock an overweight rating in a research note on Monday, April 8th. Citigroup raised their price objective on The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a report on Thursday, February 8th. TD Cowen began coverage on shares of The Carlyle Group in a report on Thursday, January 4th. They issued a market perform rating and a $42.00 target price on the stock. Finally, JMP Securities raised their target price on The Carlyle Group from $52.00 to $58.00 and gave the stock a market outperform rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group has a consensus rating of Hold and an average target price of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of CG stock traded up $0.48 during trading hours on Thursday, reaching $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The business has a fifty day simple moving average of $45.75 and a 200-day simple moving average of $40.02. The Carlyle Group has a 12 month low of $25.20 and a 12 month high of $48.52. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts expect that The Carlyle Group will post 3.98 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. 27.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds have recently modified their holdings of CG. New York State Teachers Retirement System purchased a new stake in The Carlyle Group in the 4th quarter worth $1,349,000. Mutual of America Capital Management LLC bought a new stake in The Carlyle Group during the 4th quarter valued at approximately $5,410,000. SG Americas Securities LLC raised its position in shares of The Carlyle Group by 347.1% during the fourth quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after buying an additional 86,914 shares during the last quarter. Pacer Advisors Inc. bought a new stake in The Carlyle Group in the 4th quarter valued at $1,324,000. Finally, Xponance Inc. boosted its holdings in shares of The Carlyle Group by 245.8% during the 4th quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 18,722 shares during the last quarter. 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.