Carlyle Group (NASDAQ:CG) Price Target Raised to $64.00

Carlyle Group (NASDAQ:CG) had its price objective hoisted by Barclays from $49.00 to $64.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research firms also recently weighed in on CG. Bank of America reduced their target price on Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research report on Friday, April 4th. Cowen upgraded Carlyle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Morgan Stanley reduced their target price on Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday. Finally, JMP Securities reduced their target price on 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.93.

Carlyle Group Trading Down 0.3%

NASDAQ:CG opened at $58.35 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $58.84. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.22 and a beta of 1.86. The stock has a fifty day moving average price of $47.77 and a two-hundred day moving average price of $46.98.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. Carlyle Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, sell-side analysts anticipate that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.40%. Carlyle Group’s payout ratio is 47.46%.

Institutional Trading of Carlyle Group

Several hedge funds have recently made changes to their positions in CG. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carlyle Group by 201.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider’s stock worth $320,684,000 after purchasing an additional 4,244,131 shares during the last quarter. William Blair Investment Management LLC raised its stake in Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider’s stock valued at $668,990,000 after acquiring an additional 1,773,465 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider’s stock valued at $124,002,000 after acquiring an additional 1,220,827 shares in the last quarter. Vanguard Group Inc. raised its stake in Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares in the last quarter. Finally, Norges Bank bought a new stake in Carlyle Group during the 4th quarter valued at $44,532,000. Institutional investors own 55.88% of the company’s stock.

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.