The Carlyle Group Inc. (NASDAQ:CG – Get Rating) – Research analysts at Oppenheimer dropped their Q1 2022 earnings per share (EPS) estimates for The Carlyle Group in a research report issued on Wednesday, April 13th. Oppenheimer analyst C. Kotowski now forecasts that the financial services provider will earn $0.87 per share for the quarter, down from their previous forecast of $0.93.
A number of other brokerages have also weighed in on CG. Zacks Investment Research lowered The Carlyle Group from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a report on Tuesday, January 11th. StockNews.com began coverage on The Carlyle Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James boosted their price target on The Carlyle Group from $12.50 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft boosted their price target on The Carlyle Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 7th. Finally, BMO Capital Markets boosted their price target on The Carlyle Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, April 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group currently has an average rating of “Buy” and an average price target of $51.79.
The Carlyle Group (NASDAQ:CG – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The financial services provider reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.76. The Carlyle Group had a return on equity of 45.46% and a net margin of 33.87%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 200.9% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Tuesday, February 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Monday, February 14th. The Carlyle Group’s payout ratio is currently 12.21%.
In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 8,546 shares of the business’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $57.23, for a total value of $489,087.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kewsong Lee sold 359,317 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $48.90, for a total value of $17,570,601.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 713,519 shares of company stock worth $35,474,422. 36.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Moore Capital Management LP increased its holdings in shares of The Carlyle Group by 75.8% during the 3rd quarter. Moore Capital Management LP now owns 1,013,996 shares of the financial services provider’s stock worth $47,942,000 after buying an additional 437,049 shares during the last quarter. Spectrum Management Group LLC increased its holdings in shares of The Carlyle Group by 92.3% during the 3rd quarter. Spectrum Management Group LLC now owns 160,883 shares of the financial services provider’s stock worth $7,607,000 after buying an additional 77,210 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth $14,426,000. Van ECK Associates Corp acquired a new stake in shares of The Carlyle Group during the 4th quarter worth $417,000. Finally, BlackRock Inc. increased its holdings in shares of The Carlyle Group by 3.0% during the 3rd quarter. BlackRock Inc. now owns 7,994,579 shares of the financial services provider’s stock worth $377,986,000 after buying an additional 229,873 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
The Carlyle Group Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on The Carlyle Group (CG)
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