Bank of America Cuts The Carlyle Group (NASDAQ:CG) Price Target to $46.00

The Carlyle Group (NASDAQ:CG) had its target price decreased by Bank of America from $47.00 to $46.00 in a research note published on Friday,Benzinga reports. Bank of America currently has an underperform rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Barclays dropped their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Evercore ISI upped their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their price target on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Performance

Shares of CG stock opened at $35.89 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.73. The stock has a 50 day simple moving average of $47.81 and a 200-day simple moving average of $49.61.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities analysts forecast that The Carlyle Group will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CG. Wellington Management Group LLP increased its stake in The Carlyle Group by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 344 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in The Carlyle Group during the fourth quarter worth approximately $3,747,000. Siemens Fonds Invest GmbH acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $90,000. American Trust boosted its position in shares of The Carlyle Group by 6.8% in the fourth quarter. American Trust now owns 5,320 shares of the financial services provider’s stock worth $269,000 after buying an additional 340 shares during the period. Finally, Forum Financial Management LP acquired a new stake in shares of The Carlyle Group in the fourth quarter valued at about $330,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.