Carlyle Group (NASDAQ:CG) Research Coverage Started at Royal Bank Of Canada

Royal Bank Of Canada assumed coverage on shares of Carlyle Group (NASDAQ:CG) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $67.00 price target on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Citigroup cut their price target on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Finally, Barclays lifted their price objective on shares of Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average target price of $66.86.

Carlyle Group Trading Up 1.3%

Shares of NASDAQ CG opened at $51.58 on Monday. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The company has a 50-day moving average of $59.64 and a two-hundred day moving average of $59.64. The company has a market cap of $18.59 billion, a PE ratio of 23.66, a P/E/G ratio of 0.94 and a beta of 2.05.

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

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is presently 64.22%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Carlyle Group

A number of large investors have recently modified their holdings of CG. Generali Asset Management SPA SGR bought a new position in shares of Carlyle Group in the third quarter valued at $1,913,000. Fifth Third Bancorp lifted its stake in Carlyle Group by 28.7% in the third quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after acquiring an additional 23,901 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Carlyle Group by 16.3% during the 3rd quarter. New York State Common Retirement Fund now owns 207,395 shares of the financial services provider’s stock worth $13,004,000 after purchasing an additional 29,000 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in Carlyle Group in the 3rd quarter valued at about $1,564,000. Finally, Vanguard Group Inc. increased its position in Carlyle Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after buying an additional 714,428 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Company Profile

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.