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

Carlyle Group Inc. (NASDAQ:CG) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $62.00.

CG has been the topic of several recent research reports. UBS Group reduced their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, May 8th. TD Cowen reduced their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, Royal Bank Of Canada lowered Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a research report on Monday, May 11th.

Insider Activity

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

Hedge Funds Weigh In On Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in CG. DMC Group LLC lifted its position in Carlyle Group by 2.5% in the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 168 shares in the last quarter. Allworth Financial LP lifted its position in Carlyle Group by 32.3% in the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 176 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Carlyle Group by 1.2% in the 4th quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 184 shares in the last quarter. Larson Financial Group LLC lifted its position in Carlyle Group by 6.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 196 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in Carlyle Group by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock worth $390,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $45.43 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a market cap of $16.35 billion, a P/E ratio of 31.12, a P/E/G ratio of 1.55 and a beta of 1.89. The firm has a 50 day simple moving average of $48.29 and a 200 day simple moving average of $53.84. Carlyle Group has a fifty-two week low of $43.19 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.14 EPS. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. Sell-side analysts predict that Carlyle Group will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

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 issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s payout ratio is 95.89%.

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.