Carlyle Group (NASDAQ:CG) Price Target Lowered to $66.00 at Morgan Stanley

Carlyle Group (NASDAQ:CG) had its price target cut by Morgan Stanley from $71.00 to $66.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

CG has been the topic of a number of other research reports. Royal Bank Of Canada initiated coverage on Carlyle Group in a research note on Monday, February 23rd. They set an “outperform” rating and a $67.00 price objective on the stock. Barclays reduced their target price on Carlyle Group from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. UBS Group dropped their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 20th. TD Cowen increased their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.64.

Carlyle Group Price Performance

NASDAQ:CG opened at $52.09 on Tuesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market cap of $18.81 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.13 and a beta of 2.05. Carlyle Group has a 52 week low of $35.24 and a 52 week high of $69.85. The firm’s 50-day simple moving average is $49.77 and its 200 day simple moving average is $55.26.

Carlyle Group (NASDAQ:CG) last announced its earnings results 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s revenue for the quarter was up 84.1% on a year-over-year basis. As a group, sell-side analysts predict that Carlyle Group will post 4.44 earnings per share for the current year.

Carlyle Group Dividend Announcement

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

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carlyle Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DMC Group LLC increased its stake 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 boosted 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 valued at $43,000 after buying an additional 176 shares during the period. Kestra Advisory Services LLC grew its holdings 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 acquiring an additional 184 shares during the last quarter. Larson Financial Group LLC increased its position in shares of 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 acquiring an additional 196 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its holdings 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 worth $390,000 after purchasing an additional 199 shares during the period. 55.88% of the stock is owned by 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.