Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) Target Price at $51.07

The Carlyle Group Inc. (NASDAQ:CG) has been given a consensus recommendation of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $52.33.

Several brokerages have issued reports on CG. Bank of America dropped their target price on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating for the company in a research report on Friday, April 4th. Keefe, Bruyette & Woods increased their target price on The Carlyle Group from $43.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Cowen upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Finally, JMP Securities reduced their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CG. B. Metzler seel. Sohn & Co. AG boosted its position in The Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 215 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of The Carlyle Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock worth $3,395,000 after purchasing an additional 220 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of The Carlyle Group by 0.3% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock valued at $4,081,000 after purchasing an additional 225 shares in the last quarter. Aviva PLC increased its holdings in shares of The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 227 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in The Carlyle Group by 28.6% during the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after buying an additional 236 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $47.42 on Wednesday. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 0.98 and a beta of 1.85. The Carlyle Group has a 1 year low of $33.02 and a 1 year high of $57.50. The stock’s 50 day simple moving average is $40.74 and its two-hundred day simple moving average is $47.87. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.17. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The Carlyle Group’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts anticipate that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.95%. The Carlyle Group’s dividend payout ratio (DPR) is presently 47.46%.

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.