Carlyle Group Inc. (NASDAQ:CG) Receives $62.00 Average Price Target from Brokerages

Carlyle Group Inc. (NASDAQ:CG) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $62.00.

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets reduced their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. JPMorgan Chase & Co. reduced their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, May 8th. Finally, TD Cowen reduced their price target on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, May 18th.

Carlyle Group Price Performance

NASDAQ CG opened at $44.57 on Thursday. The company has a market cap of $16.04 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84. Carlyle Group has a 52 week low of $41.54 and a 52 week high of $69.85. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $47.38 and its two-hundred day simple moving average is $52.69.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. Research analysts predict that Carlyle Group will post 4.05 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is currently 95.89%.

Institutional Trading of Carlyle Group

Several large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in Carlyle Group by 27.1% during the first quarter. Empowered Funds LLC now owns 15,199 shares of the financial services provider’s stock valued at $735,000 after buying an additional 3,237 shares during the period. NewEdge Advisors LLC lifted its position in Carlyle Group by 40.0% during the first quarter. NewEdge Advisors LLC now owns 23,290 shares of the financial services provider’s stock valued at $1,127,000 after buying an additional 6,658 shares during the period. Regents of The University of California purchased a new position in Carlyle Group during the first quarter valued at $73,360,000. Western Wealth Management LLC purchased a new position in Carlyle Group during the first quarter valued at $52,000. Finally, Arkadios Wealth Advisors lifted its position in Carlyle Group by 1.8% during the first quarter. Arkadios Wealth Advisors now owns 18,621 shares of the financial services provider’s stock valued at $901,000 after buying an additional 332 shares during the period. Institutional investors own 55.88% of the company’s stock.

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.