Carlyle Group (NASDAQ:CG) Given New $57.00 Price Target at Barclays

Carlyle Group (NASDAQ:CG) had its price objective lowered by Barclays from $63.00 to $57.00 in a report released on Thursday morning, Marketbeat.com reports. Barclays currently has an overweight rating on the financial services provider’s stock.

CG has been the subject of several other reports. The Goldman Sachs Group cut their target price on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Morgan Stanley dropped their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Royal Bank Of Canada downgraded Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price for the company. in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.27.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $44.18 on Thursday. Carlyle Group has a 1 year low of $39.60 and a 1 year high of $69.85. The firm has a market cap of $15.90 billion, a P/E ratio of 30.26, a PEG ratio of 1.50 and a beta of 1.84. The stock has a fifty day moving average price of $45.39 and a two-hundred day moving average price of $51.28. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $1.14 EPS. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. Research analysts forecast that Carlyle Group will post 3.98 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. Carlyle Group’s dividend payout ratio is presently 95.89%.

Institutional Trading of Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Carlyle Group in the 4th quarter valued at approximately $30,000. WFA of San Diego LLC bought a new stake in Carlyle Group in the second quarter worth approximately $26,000. Quarry LP acquired a new position in shares of Carlyle Group during the 3rd quarter worth $33,000. Main Street Group LTD bought a new position in shares of Carlyle Group during the 1st quarter valued at $27,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Carlyle Group in the 3rd quarter valued at $41,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.