The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Buy” by Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CGGet Rating) have been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $58.45.

A number of analysts recently weighed in on CG shares. The Goldman Sachs Group decreased their price objective on The Carlyle Group from $66.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. BMO Capital Markets cut their price target on shares of The Carlyle Group from $69.00 to $60.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Carlyle Group from $68.00 to $64.00 in a research report on Thursday, May 19th. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Morgan Stanley cut their price target on shares of The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 20th.

In other news, major shareholder Carlyle Group Inc. sold 85,323 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The shares were sold at an average price of $57.13, for a total transaction of $4,874,502.99. Following the completion of the sale, the insider now owns 41,671,945 shares in the company, valued at approximately $2,380,718,217.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 93,969 shares of company stock valued at $5,369,291. 29.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its holdings in The Carlyle Group by 6.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 3,280 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 212 shares during the period. Blair William & Co. IL boosted its holdings in The Carlyle Group by 1.2% in the 4th quarter. Blair William & Co. IL now owns 19,667 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 224 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in The Carlyle Group by 4.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,588 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 255 shares during the period. Principal Street Partners LLC boosted its holdings in The Carlyle Group by 1.8% in the 1st quarter. Principal Street Partners LLC now owns 14,462 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 261 shares during the period. Finally, Fort Sheridan Advisors LLC lifted its holdings in shares of The Carlyle Group by 4.8% during the 3rd quarter. Fort Sheridan Advisors LLC now owns 6,500 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 300 shares during the last quarter. 93.84% of the stock is owned by institutional investors.

Shares of NASDAQ:CG opened at $39.60 on Friday. The company has a fifty day moving average of $41.31 and a 200-day moving average of $47.65. The company has a market capitalization of $14.32 billion, a PE ratio of 5.39, a price-to-earnings-growth ratio of 0.36 and a beta of 1.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.65 and a current ratio of 2.65. The Carlyle Group has a 52-week low of $34.62 and a 52-week high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.24). The company had revenue of $779.50 million for the quarter, compared to analyst estimates of $1.06 billion. The Carlyle Group had a return on equity of 41.54% and a net margin of 33.77%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. On average, equities analysts forecast that The Carlyle Group will post 4.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th were paid a $0.325 dividend. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 9th. This represents a $1.30 annualized dividend and a yield of 3.28%. The Carlyle Group’s dividend payout ratio (DPR) is 17.69%.

About The Carlyle Group (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.

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Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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