The Carlyle Group (NASDAQ:CG) Upgraded at TD Cowen

TD Cowen upgraded shares of The Carlyle Group (NASDAQ:CG) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has $56.00 price objective on the financial services provider’s stock.

A number of other research firms have also issued reports on CG. Citigroup lowered their target price on The Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. JMP Securities lowered their target price on The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Barclays raised their target price on The Carlyle Group from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Wells Fargo & Company lowered their target price on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI raised their target price on The Carlyle Group from $51.00 to $52.00 and gave the company an “in-line” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.33.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $47.42 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 0.98 and a beta of 1.85. The business’s 50-day simple moving average is $40.74 and its 200-day simple moving average is $47.87. The Carlyle Group has a 52 week low of $33.02 and a 52 week high of $57.50.

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

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently modified their holdings of CG. National Pension Service bought a new position in The Carlyle Group in the 4th quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of The Carlyle Group during the fourth quarter worth $25,000. Valley National Advisers Inc. raised its position in shares of The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in shares of The Carlyle Group during the fourth quarter worth $29,000. 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.