Analysts Set Carlyle Group Inc. (NASDAQ:CG) PT at $59.93

Carlyle Group Inc. (NASDAQ:CG) has been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $59.9286.

Several research firms recently issued reports on CG. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Wells Fargo & Company raised their price target on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Barclays reaffirmed an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Finally, Evercore ISI upped their price objective on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the sale, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlyle Group

Several institutional investors have recently modified their holdings of CG. Norges Bank bought a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $150,122,000. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 4.9% in 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 purchasing an additional 1,131,514 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Carlyle Group by 13.4% during the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the last quarter. Azora Capital LP purchased a new position in Carlyle Group during the 2nd quarter valued at $30,791,000. Finally, Citigroup Inc. boosted its holdings in Carlyle Group by 484.4% during the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock valued at $27,176,000 after acquiring an additional 516,761 shares during the period. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Performance

NASDAQ:CG opened at $69.35 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.78. The stock has a 50-day moving average price of $63.02 and a 200 day moving average price of $50.62. The stock has a market capitalization of $25.08 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.23 and a beta of 2.01.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s dividend payout ratio is 40.94%.

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.