JPMorgan Chase & Co. Cuts Carlyle Group (NASDAQ:CG) Price Target to $63.00

Carlyle Group (NASDAQ:CG) had its target price cut by JPMorgan Chase & Co. from $66.00 to $63.00 in a research note released on Friday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

CG has been the subject of several other research reports. Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Barclays cut their target price on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday. Evercore set a $56.00 target price on Carlyle Group in a research note on Tuesday, April 21st. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research note on Friday. Finally, The Goldman Sachs Group cut their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.80.

Carlyle Group Stock Performance

Shares of CG opened at $50.63 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The business’s 50 day moving average price is $48.97 and its 200-day moving average price is $54.56. Carlyle Group has a 52 week low of $41.52 and a 52 week high of $69.85. The stock has a market cap of $18.29 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.15 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. Equities research analysts anticipate that Carlyle Group will post 4.2 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Insider Activity

In other news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlyle Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares during the last quarter. Morgan Stanley boosted its stake in shares of Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after buying an additional 84,228 shares during the last quarter. State Street Corp raised its holdings in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Carlyle Group by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock worth $457,233,000 after purchasing an additional 117,223 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Carlyle Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after purchasing an additional 79,134 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

More Carlyle Group News

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Carlyle announced a quarterly dividend of $0.35 per share, signaling continued shareholder returns and implying an annualized yield of about 2.8%. The dividend may help support investor sentiment. Dividend announcement source
• Positive Sentiment: Barclays kept an “overweight” rating on Carlyle while trimming its price target to $63 from $67, suggesting analysts still see meaningful upside despite the weaker quarter. Barclays price target update
• Positive Sentiment: Carlyle also announced an expansion into AI-driven healthcare revenue cycle management, which may reinforce its growth and diversification narrative over time. AI healthcare expansion article
• Positive Sentiment: The firm’s partnership with Diversified Energy on a $1.2 billion Oklahoma oil and gas acquisition highlights Carlyle’s ability to deploy capital in structured deals, which may appeal to investors focused on private credit and asset-backed financing. Diversified Energy partnership article

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.