Carlyle Group (NASDAQ:CG) Price Target Lowered to $58.00 at BMO Capital Markets

Carlyle Group (NASDAQ:CG) had its target price decreased by BMO Capital Markets from $65.00 to $58.00 in a report published on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on CG. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Evercore increased their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. TD Cowen raised their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, UBS Group reduced their target price on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group presently has an average rating of “Hold” and an average target price of $64.86.

Carlyle Group Trading Down 0.9%

Shares of CG stock opened at $47.26 on Tuesday. The company has a market capitalization of $17.07 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.91 and a beta of 2.07. Carlyle Group has a 52-week low of $33.02 and a 52-week high of $69.85. The business’s fifty day moving average is $54.68 and its 200 day moving average is $57.61. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33.

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

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, February 13th. Carlyle Group’s payout ratio is presently 64.22%.

Insider Activity

In related news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

Several institutional investors have recently added to or reduced their stakes in CG. DMC Group LLC increased its holdings in shares of Carlyle Group by 2.5% in the fourth quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock worth $400,000 after buying an additional 168 shares during the period. Allworth Financial LP grew its position in Carlyle Group by 32.3% during the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 176 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Carlyle Group by 1.2% in the 4th quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 184 shares during the period. Larson Financial Group LLC lifted its position in Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 196 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of Carlyle Group by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 199 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.