The Carlyle Group (NASDAQ:CG) PT Lowered to $47.00 at Barclays

The Carlyle Group (NASDAQ:CG) had its target price cut by Barclays from $56.00 to $47.00 in a report released on Thursday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. UBS Group lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a neutral rating in a report on Friday, April 12th. Keefe, Bruyette & Woods reissued a market perform rating and issued a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a research report on Thursday. TD Cowen cut their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a hold rating for the company in a research note on Thursday. TheStreet lowered shares of The Carlyle Group from a b- rating to a c rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an overweight rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $44.73.

The Carlyle Group Price Performance

CG opened at $41.06 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52. The stock has a fifty day moving average price of $45.75 and a 200 day moving average price of $40.09. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the prior year, the business posted $0.63 EPS. The Carlyle Group’s quarterly revenue was up 35.6% on a year-over-year basis. Analysts forecast that The Carlyle Group will post 3.94 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s payout ratio is -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares during the last quarter. Riverwater Partners LLC boosted its position in shares of The Carlyle Group by 1.1% in the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after purchasing an additional 228 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. Fifth Third Bancorp lifted its stake in The Carlyle Group by 11.5% in the first quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock valued at $115,000 after buying an additional 251 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in The Carlyle Group by 0.6% during the first quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 293 shares during the last quarter. 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.