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

Carlyle Group Inc. (NASDAQ:CG) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $66.1429.

Several analysts have issued reports on CG shares. TD Cowen reduced their price target on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Evercore ISI reduced their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley raised their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Barclays upped their price objective on Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the transaction, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 26.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carlyle Group

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in 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 worth $59,000 after purchasing an additional 177 shares during the period. Wedmont Private Capital raised 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 period. Larson Financial Group LLC grew its position in Carlyle Group by 6.0% during the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 196 shares during the period. DMC Group LLC raised its holdings 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 purchasing an additional 205 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Carlyle Group by 1.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 212 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Up 0.2%

Carlyle Group stock opened at $61.06 on Thursday. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 34.11, a price-to-earnings-growth ratio of 1.32 and a beta of 2.06. The stock’s fifty day moving average is $55.70 and its two-hundred day moving average is $58.28. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same period in the previous year, the firm earned $0.95 EPS. Analysts predict that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s payout ratio is presently 78.21%.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.