UBS Group Cuts Carlyle Group (NASDAQ:CG) Price Target to $65.00

Carlyle Group (NASDAQ:CG) had its price target trimmed by UBS Group from $81.00 to $65.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

CG has been the subject of a number of other research reports. Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a research note on Tuesday, January 27th. Barclays upped their price objective on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Wall Street Zen downgraded Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, January 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $66.85.

Carlyle Group Stock Up 0.5%

Carlyle Group stock opened at $53.23 on Friday. The stock has a 50-day simple moving average of $60.07 and a 200-day simple moving average of $59.86. The company has a market capitalization of $19.18 billion, a P/E ratio of 24.42, a PEG ratio of 1.03 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 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 analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The company’s quarterly revenue was up 84.1% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. Equities research analysts expect that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s payout ratio is currently 64.22%.

Insider Transactions at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction that occurred 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 directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of CG. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 3.7% during 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 purchasing an additional 934,237 shares in the last quarter. Morgan Stanley grew its holdings in Carlyle Group by 0.8% during the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock valued at $602,328,000 after buying an additional 84,228 shares during the last quarter. State Street Corp raised its holdings in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after acquiring an additional 117,223 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in shares of Carlyle Group by 13.4% during the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after acquiring an additional 700,000 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Company Profile

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.