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

Shares of Carlyle Group Inc. (NASDAQ:CG) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $68.0769.

Several research analysts recently weighed in on the company. Barclays lifted their price target on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Finally, TD Cowen restated a “buy” rating on shares of Carlyle Group in a research report on Wednesday, January 14th.

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 51,809 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after acquiring an additional 332,533 shares in the last quarter. Empowered Funds LLC increased its position in shares of Carlyle Group by 3.4% during the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after acquiring an additional 1,579 shares during the period. Focus Partners Wealth boosted its holdings in Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in 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 in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 1.7%

Carlyle Group stock opened at $54.45 on Friday. The business has a fifty day moving average price of $60.57 and a 200-day moving average price of $60.18. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $69.85. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.04 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The company’s quarterly revenue was up 84.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. Equities research analysts forecast that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, February 13th. Carlyle Group’s payout ratio is 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.