TD Cowen Lowers The Carlyle Group (NASDAQ:CG) Price Target to $45.00

The Carlyle Group (NASDAQ:CG) had its target price reduced by TD Cowen from $49.00 to $45.00 in a research report report published on Thursday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on CG. TheStreet cut The Carlyle Group from a b- rating to a c rating in a research note on Wednesday, February 7th. UBS Group boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a neutral rating in a report on Friday, April 12th. JMP Securities lifted their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a market outperform rating in a research report on Thursday, February 8th. Citigroup raised their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group dropped their price target on The Carlyle Group from $54.00 to $48.00 and set a buy rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $44.73.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $41.06 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average of $45.75 and a 200-day moving average of $40.09. The Carlyle Group has a twelve month low of $25.20 and a twelve month high of $48.52. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. Analysts forecast that The Carlyle Group will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s payout ratio is -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SYSTM Wealth Solutions LLC bought a new stake in shares of The Carlyle Group in the first quarter valued at approximately $34,000. CVA Family Office LLC acquired a new stake in The Carlyle Group in the 4th quarter worth $35,000. GAMMA Investing LLC bought a new position in shares of The Carlyle Group during the 4th quarter worth about $38,000. Global Retirement Partners LLC lifted its stake in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the period. Finally, Clear Street Markets LLC bought a new position in The Carlyle Group during the third quarter valued at about $50,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Company Profile

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.