Carlyle Group (NASDAQ:CG) Given New $70.00 Price Target at Citizens Jmp

Carlyle Group (NASDAQ:CG) had its price target lowered by Citizens Jmp from $75.00 to $70.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a market outperform rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on CG. BMO Capital Markets cut their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. The Goldman Sachs Group lowered 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. Weiss Ratings raised shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, TD Cowen dropped their price objective on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and a consensus price target of $61.27.

Carlyle Group Stock Up 2.6%

Shares of Carlyle Group stock opened at $44.18 on Thursday. The business has a fifty day simple moving average of $45.39 and a 200 day simple moving average of $51.28. The stock has a market cap of $15.90 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.84. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group has a 12 month low of $39.60 and a 12 month high of $69.85.

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

Carlyle Group Dividend Announcement

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

Hedge Funds Weigh In On Carlyle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DMC Group LLC increased its holdings in Carlyle Group by 2.5% during the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 168 shares in the last quarter. Allworth Financial LP boosted its position in shares of Carlyle Group by 32.3% during the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock worth $43,000 after buying an additional 176 shares during the period. Kestra Advisory Services LLC grew its holdings in shares of Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after buying an additional 184 shares in the last quarter. Larson Financial Group LLC raised 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 buying an additional 196 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted 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 acquiring an additional 199 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

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.