The Carlyle Group (NASDAQ:CG) Given New $68.00 Price Target at Oppenheimer

The Carlyle Group (NASDAQ:CG) had its target price lowered by Oppenheimer from $74.00 to $68.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on CG. UBS Group boosted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, April 12th. TheStreet lowered The Carlyle Group from a b- rating to a c rating in a research report on Wednesday, February 7th. Barclays raised their price target on shares of The Carlyle Group from $55.00 to $56.00 and gave the company an overweight rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an overweight rating in a report on Thursday, February 8th. Finally, Morgan Stanley lifted their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an equal weight rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group presently has an average rating of Hold and an average price target of $44.73.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $41.06 on Thursday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a PEG ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52. The firm’s 50-day moving average is $45.75 and its 200 day moving average is $40.09.

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

The Carlyle Group Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after buying an additional 3,524,794 shares in the last quarter. Ariel Investments LLC grew its holdings in The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after buying an additional 918,114 shares in the last quarter. Norges Bank bought a new stake in The Carlyle Group in the 4th quarter worth approximately $130,771,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of The Carlyle Group by 194.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after acquiring an additional 1,712,133 shares during the last quarter. Hedge funds and other 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.