The Carlyle Group (NASDAQ:CG) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of The Carlyle Group (NASDAQ:CG) in a research report released on Thursday, Benzinga reports. The firm currently has a $48.00 target price on the financial services provider’s stock, down from their prior target price of $50.00.

CG has been the topic of a number of other research reports. 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. Citigroup upped their price target on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Morgan Stanley lifted their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. TD Cowen initiated coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a market perform rating and a $42.00 price target for the company. Finally, TheStreet lowered The Carlyle Group from a b- rating to a c rating in a report on Wednesday, February 7th. One investment 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. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $44.73.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $41.06 on Thursday. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. The company has a market capitalization of $14.87 billion, a PE ratio of -22.94, a P/E/G ratio of 0.87 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The company has a 50-day simple moving average of $45.75 and a two-hundred day simple moving average of $40.09.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate 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 Carlyle Group’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. Research analysts expect that The Carlyle Group will post 3.94 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

A number of institutional investors have recently made changes to their positions in CG. SYSTM Wealth Solutions LLC purchased a new position in The Carlyle Group in the 1st quarter worth approximately $34,000. Global Retirement Partners LLC lifted its position in The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares in the last quarter. CVA Family Office LLC acquired a new position in The Carlyle Group during the fourth quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter worth $38,000. Finally, Compass Wealth Management LLC purchased a new position in shares of The Carlyle Group during the 1st quarter worth $57,000. 55.88% of the stock is 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.