Brokerages Set Carlyle Group Inc. (NASDAQ:CG) PT at $60.87

Shares of Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $61.4667.

A number of analysts recently issued reports on CG shares. Citigroup lowered their target price on Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company boosted their price target on Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Evercore ISI boosted their price target on 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, JMP Securities boosted their price target 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.

Carlyle Group Price Performance

NASDAQ:CG opened at $58.40 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The stock’s 50-day simple moving average is $63.83 and its 200 day simple moving average is $53.00. The company has a market cap of $21.12 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.17 and a beta of 2.00. Carlyle Group has a 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s payout ratio is 40.94%.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’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 transaction, the general counsel owned 753,255 shares of the company’s stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carlyle Group

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

About Carlyle Group

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.