Barclays Has Lowered Expectations for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG) had its price objective decreased by Barclays from $55.00 to $43.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

CG has been the topic of a number of other reports. Oppenheimer lowered The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Evercore ISI upped their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Bank of America lowered their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a report on Friday, April 4th. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $51.06.

The Carlyle Group Price Performance

Shares of CG opened at $39.56 on Monday. The firm has a market cap of $14.29 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The Carlyle Group has a 52-week low of $33.02 and a 52-week high of $57.50. The business’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $49.31. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate 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 anticipate that The Carlyle Group will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.54%. The Carlyle Group’s dividend payout ratio (DPR) is presently 50.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterneck Capital Management LLC raised its holdings in shares of The Carlyle Group by 61.8% in the 1st quarter. Sterneck Capital Management LLC now owns 10,469 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 4,000 shares during the period. GAMMA Investing LLC increased its position in The Carlyle Group by 4,898.1% in the first quarter. GAMMA Investing LLC now owns 273,048 shares of the financial services provider’s stock worth $11,902,000 after buying an additional 267,585 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of The Carlyle Group by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider’s stock valued at $437,000 after buying an additional 344 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of The Carlyle Group during the 4th quarter valued at $3,747,000. Finally, Siemens Fonds Invest GmbH bought a new position in shares of The Carlyle Group during the 4th quarter worth $90,000. 55.88% of the stock is currently owned by hedge funds and other 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.