Carlyle Group Inc. (NASDAQ:CG) Given Consensus Recommendation of “Hold” by Brokerages

Carlyle Group Inc. (NASDAQ:CG) has been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $68.0769.

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays upped their target price on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday.

Carlyle Group Trading Up 1.7%

NASDAQ CG opened at $54.45 on Friday. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The firm has a 50 day moving average of $60.57 and a two-hundred day moving average of $60.18. The stock has a market capitalization of $19.62 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 1.04 and a beta of 2.05. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.Carlyle Group’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, research analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Carlyle Group’s payout ratio is presently 78.21%.

Insider Buying and Selling

In related news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is currently owned by company insiders.

Institutional Trading of Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. AQR Capital Management LLC grew its stake in shares of Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Carlyle Group by 40.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after purchasing an additional 332,533 shares during the period. Empowered Funds LLC grew its position in Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its position in Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.