Carlyle Group Inc. (NASDAQ:CG) Receives $65.36 Average PT from Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $65.3571.

A number of equities analysts have recently issued reports on CG shares. Royal Bank Of Canada initiated coverage on Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Morgan Stanley set a $71.00 price target on shares of Carlyle Group in a research report on Tuesday, January 27th. Barclays decreased their price target on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $45.31 on Tuesday. The company’s fifty day moving average price is $57.45 and its 200-day moving average price is $58.65. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.90 and a beta of 2.07. Carlyle Group has a one year low of $33.02 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The business’s revenue was up 84.1% on a year-over-year basis. On average, equities research analysts anticipate that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is 64.22%.

Institutional Investors Weigh In On Carlyle Group

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after purchasing an additional 934,237 shares during the last quarter. Morgan Stanley increased its stake in shares of Carlyle Group by 0.8% in the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after buying an additional 84,228 shares during the period. State Street Corp raised its holdings in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after buying an additional 117,223 shares during the period. Finally, Alkeon Capital Management LLC grew its holdings in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.