Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Brokerages

Carlyle Group Inc. (NASDAQ:CG) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $66.00.

Several equities research analysts recently commented on CG shares. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target for the company. Evercore ISI cut their target price on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, JMP Securities raised their target price on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research report on Thursday, August 14th.

Carlyle Group Price Performance

NASDAQ:CG opened at $54.54 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The stock’s 50-day moving average price is $57.16 and its 200-day moving average price is $56.73. The stock has a market capitalization of $19.66 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The company had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, equities analysts expect that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. Carlyle Group’s dividend payout ratio is presently 78.21%.

Institutional Trading of Carlyle Group

Several large investors have recently bought and sold shares of CG. Farther Finance Advisors LLC lifted its stake in Carlyle Group by 18.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 177 shares in the last quarter. Wedmont Private Capital lifted its position in Carlyle Group by 3.5% during the second 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 in the last quarter. Larson Financial Group LLC grew its holdings in Carlyle Group by 6.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after buying an additional 196 shares in the last quarter. DMC Group LLC increased its stake in shares of Carlyle Group by 3.2% in the 3rd quarter. DMC Group LLC now owns 6,594 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 205 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Carlyle Group by 1.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 212 shares during the period. Hedge funds and other 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.