The Carlyle Group (NASDAQ:CG) Price Target Cut to $39.00 by Analysts at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG) had its price objective cut by Wells Fargo & Company from $48.00 to $39.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

CG has been the subject of a number of other reports. Barclays decreased their price objective on The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI raised their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a research report on Wednesday, February 12th. Oppenheimer cut The Carlyle Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $51.06.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $36.63 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a 12 month low of $33.02 and a 12 month high of $57.50. The firm has a market capitalization of $13.23 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The business’s fifty day moving average price is $45.56 and its 200 day moving average price is $49.26.

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

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Korea Investment CORP grew its position in shares of The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock worth $8,364,000 after buying an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. raised its stake in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after buying an additional 777,304 shares in the last quarter. Sargent Investment Group LLC lifted its stake in The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth $17,671,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of The Carlyle Group by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock valued at $70,999,000 after buying an additional 14,024 shares during the period. 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.