Carlyle Group (NASDAQ:CG) Now Covered by BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Carlyle Group (NASDAQ:CG) in a research note published on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $74.00 price target on the financial services provider’s stock.

CG has been the subject of a number of other reports. JMP Securities lifted their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Jefferies Financial Group boosted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company boosted their target price on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Carlyle Group has an average rating of “Hold” and a consensus price target of $60.87.

Carlyle Group Stock Performance

CG stock opened at $63.48 on Friday. The firm has a market cap of $22.96 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.12 and a beta of 2.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a 50-day moving average price of $63.99 and a 200-day moving average price of $52.27. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $69.85.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group’s dividend payout ratio (DPR) is 40.94%.

Insider Buying and Selling at Carlyle Group

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

Institutional Trading of Carlyle Group

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Carlyle Group by 18.2% during the second quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 177 shares during the last quarter. Wedmont Private Capital grew its position in shares of Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock worth $332,000 after buying an additional 196 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Carlyle Group by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after buying an additional 212 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of 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 valued at $277,000 after acquiring an additional 215 shares in the last quarter. Finally, Bfsg LLC boosted its holdings in Carlyle Group by 3.0% in the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 215 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.