The Carlyle Group (NASDAQ:CG) Price Target Lowered to $48.00 at The Goldman Sachs Group

The Carlyle Group (NASDAQ:CG) had its price objective decreased by The Goldman Sachs Group from $54.00 to $48.00 in a research note issued to investors on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. JMP Securities boosted their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a market outperform rating in a research report on Thursday, February 8th. UBS Group lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a neutral rating in a research note on Friday, April 12th. Finally, Barclays increased their price target on The Carlyle Group from $55.00 to $56.00 and gave the stock an overweight rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has an average rating of Hold and an average price target of $44.73.

The Carlyle Group Stock Up 1.2 %

CG stock opened at $41.06 on Thursday. 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 company has a 50-day moving average of $45.75 and a two-hundred day moving average of $40.09. The stock has a market capitalization 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 has a 52-week low of $25.20 and a 52-week high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The Carlyle Group’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned $0.63 earnings per share. As a group, equities research analysts anticipate that The Carlyle Group will post 3.94 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid 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%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction on 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 completion of the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CG. New York State Teachers Retirement System acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $1,349,000. Mutual of America Capital Management LLC acquired a new stake in The Carlyle Group in the fourth quarter valued at $5,410,000. SG Americas Securities LLC increased its stake in shares of The Carlyle Group by 347.1% during the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after purchasing an additional 86,914 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of The Carlyle Group in the 4th quarter valued at about $1,324,000. Finally, Xponance Inc. lifted its stake in The Carlyle Group by 245.8% in the 4th quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,072,000 after purchasing an additional 18,722 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.