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

Shares of Carlyle Group Inc. (NASDAQ:CG) have earned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $67.0769.

Several brokerages have issued reports on CG. UBS Group increased their target price on shares of Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. Citigroup lowered their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Barclays lifted their price target on Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, TD Cowen dropped their price objective on Carlyle Group from $77.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Allworth Financial LP raised its stake in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after buying an additional 299 shares during the last quarter. WFA of San Diego LLC purchased a new position in shares of Carlyle Group in the second quarter worth $26,000. Geneos Wealth Management Inc. grew its holdings in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group in the 4th quarter valued at $30,000. Finally, Quarry LP acquired a new stake in Carlyle Group during the 3rd quarter worth about $33,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Performance

Carlyle Group stock opened at $65.62 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $23.65 billion, a PE ratio of 36.66, a P/E/G ratio of 1.15 and a beta of 2.04. The company has a 50 day moving average price of $58.21 and a 200-day moving average price of $60.10. Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

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 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 23.46% and a net margin of 16.91%.During the same period last year, the business posted $0.95 EPS. As a group, equities analysts forecast that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were given a $0.35 dividend. 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 2.1%. 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.