Analysts Set The Carlyle Group Inc. (NASDAQ:CG) Price Target at $38.18

The Carlyle Group Inc. (NASDAQ:CG – Get Rating) has been given a consensus recommendation of “Hold” by the twenty analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $38.18.

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on The Carlyle Group from $41.00 to $39.00 in a research note on Friday, May 5th. 500.com restated a “maintains” rating on shares of The Carlyle Group in a research note on Friday, May 5th. Oppenheimer lifted their target price on The Carlyle Group from $64.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, April 13th. Bank of America decreased their price objective on shares of The Carlyle Group from $34.00 to $33.00 and set an “underperform” rating for the company in a report on Wednesday, April 5th. Finally, Morgan Stanley dropped their target price on shares of The Carlyle Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 19th.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 2,000,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $86.12, for a total value of $172,240,000.00. Following the completion of the sale, the insider now owns 6,482,732 shares in the company, valued at approximately $558,292,879.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 27.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CVA Family Office LLC boosted its stake in The Carlyle Group by 229.6% during the fourth quarter. CVA Family Office LLC now owns 890 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 620 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $30,000. Clear Street Markets LLC increased its position in The Carlyle Group by 233.3% during the 3rd quarter. Clear Street Markets LLC now owns 1,000 shares of the financial services provider’s stock valued at $26,000 after buying an additional 700 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in The Carlyle Group during the first quarter valued at $31,000. Finally, Freedom Wealth Alliance LLC bought a new stake in The Carlyle Group in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

The Carlyle Group Trading Up 2.2 %

NASDAQ CG opened at $27.89 on Friday. The Carlyle Group has a 52 week low of $24.59 and a 52 week high of $40.73. The business has a 50 day moving average price of $29.31 and a 200-day moving average price of $31.06. The company has a quick ratio of 2.80, a current ratio of 2.82 and a debt-to-equity ratio of 1.23. The company has a market cap of $10.10 billion, a price-to-earnings ratio of 13.47 and a beta of 1.67.

The Carlyle Group (NASDAQ:CG – Get Rating) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The business had revenue of $754.20 million during the quarter, compared to analyst estimates of $805.50 million. The Carlyle Group had a return on equity of 25.89% and a net margin of 20.29%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. As a group, equities analysts expect that The Carlyle Group will post 2.81 earnings per share for the current fiscal year.

The Carlyle Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Tuesday, May 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 15th. This represents a $1.40 annualized dividend and a yield of 5.02%. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.33. The Carlyle Group’s dividend payout ratio is presently 67.63%.

The Carlyle Group Company Profile

(Get Rating)

The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.