Carlyle Group Inc. (NASDAQ:CG) Receives $67.36 Consensus PT from Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG) have received an average recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.3571.

A number of analysts have recently issued reports on CG shares. Citigroup dropped their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Keefe, Bruyette & Woods cut their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Barclays reiterated an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Finally, Morgan Stanley raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st.

Carlyle Group Stock Performance

NASDAQ:CG opened at $52.43 on Wednesday. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.22 and a beta of 2.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The firm’s fifty day simple moving average is $61.07 and its 200 day simple moving average is $55.56.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. As a group, equities research analysts expect that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is presently 78.21%.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the transaction, the general counsel owned 753,255 shares of the company’s stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

Several institutional investors have recently made changes to their positions in CG. Norges Bank acquired a new stake in shares of Carlyle Group in the second quarter valued at about $150,122,000. Vanguard Group Inc. raised its stake in shares of Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after purchasing an additional 1,131,514 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Carlyle Group by 13.4% during the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the period. Azora Capital LP acquired a new position in shares of Carlyle Group in the 2nd quarter worth approximately $30,791,000. Finally, Citigroup Inc. lifted its holdings in shares of Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock valued at $27,176,000 after acquiring an additional 516,761 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

About Carlyle Group

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.