Carlyle Group (NASDAQ:CG) Price Target Lowered to $57.00 at Evercore ISI

Carlyle Group (NASDAQ:CG) had its price objective cut by Evercore ISI from $64.00 to $57.00 in a report released on Monday morning, Marketbeat Ratings reports. They currently have an in-line rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Barclays reiterated an “overweight” rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Citigroup reduced their price target on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, October 13th. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research report on Thursday, August 14th. BMO Capital Markets started coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.36.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $51.81 on Monday. The firm’s fifty day simple moving average is $62.08 and its 200-day simple moving average is $55.11. Carlyle Group has a 12 month low of $33.02 and a 12 month high of $69.85. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.22 and a beta of 2.00. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio is 40.94%.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carlyle Group

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares during the last quarter. WFA of San Diego LLC acquired a new stake in Carlyle Group in the 2nd quarter valued at about $26,000. Private Trust Co. NA boosted its stake in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 321 shares during the last quarter. Motco acquired a new stake in shares of Carlyle Group during the 3rd quarter worth about $40,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

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.