The Carlyle Group Inc. (NASDAQ:CG) Receives $50.71 Consensus Target Price from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.71.

A number of research firms recently weighed in on CG. JMP Securities cut their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their price objective on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. Finally, Barclays decreased their price target on The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, April 7th.

Institutional Trading of The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Korea Investment CORP increased its holdings in shares of The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock valued at $8,364,000 after acquiring an additional 36,873 shares in the last quarter. JPMorgan Chase & Co. increased its stake in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Invesco Ltd. lifted its stake in shares of The Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock worth $32,856,000 after buying an additional 57,606 shares during the period. Sargent Investment Group LLC grew its holdings in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after buying an additional 18,537 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC purchased a new position in The Carlyle Group in the 4th quarter worth $17,671,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 2.7 %

The Carlyle Group stock opened at $36.65 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The firm’s 50 day moving average price is $42.77 and its 200-day moving average price is $48.74. The Carlyle Group has a 1 year low of $33.02 and a 1 year high of $57.50. The stock has a market cap of $13.24 billion, a P/E ratio of 13.18, a PEG ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

About The Carlyle Group

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.