Morgan Stanley Reiterates $28.00 Price Target for The Carlyle Group (CG)

Morgan Stanley set a $28.00 price target on The Carlyle Group (NASDAQ:CG) in a report released on Monday. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other research firms have also recently commented on CG. Zacks Investment Research raised The Carlyle Group from a hold rating to a buy rating and set a $27.00 target price on the stock in a research note on Tuesday, October 3rd. Credit Suisse Group reaffirmed a buy rating and set a $26.00 target price on shares of The Carlyle Group in a research note on Friday, September 22nd. BidaskClub cut The Carlyle Group from a hold rating to a sell rating in a research note on Friday, November 10th. ValuEngine raised The Carlyle Group from a buy rating to a strong-buy rating in a research note on Friday, September 15th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $25.00 target price on shares of The Carlyle Group in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $24.89.

Shares of The Carlyle Group (CG) opened at $20.70 on Monday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.23 and a current ratio of 1.27. The Carlyle Group has a 52 week low of $14.90 and a 52 week high of $24.85. The firm has a market capitalization of $2,009.91, a P/E ratio of 8.29 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $639.90 million for the quarter, compared to analysts’ expectations of $668.32 million. The Carlyle Group had a return on equity of 43.32% and a net margin of 5.43%. During the same quarter in the prior year, the firm posted $0.66 earnings per share. equities analysts predict that The Carlyle Group will post 2.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Friday, November 10th were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.24 annualized dividend and a yield of 10.82%. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.42. The Carlyle Group’s dividend payout ratio is 127.27%.

In related news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.21, for a total value of $363,390.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

A number of institutional investors have recently bought and sold shares of CG. Bronfman E.L. Rothschild L.P. lifted its holdings in The Carlyle Group by 2,205.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after buying an additional 4,875 shares during the period. Penserra Capital Management LLC lifted its holdings in The Carlyle Group by 8.7% during the second quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after buying an additional 419 shares during the period. Stelac Advisory Services LLC purchased a new stake in The Carlyle Group during the third quarter worth $145,000. Pathstone Family Office LLC lifted its holdings in The Carlyle Group by 1,660.0% during the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after buying an additional 8,300 shares during the period. Finally, Winslow Evans & Crocker Inc. lifted its holdings in The Carlyle Group by 950.1% during the third quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock worth $186,000 after buying an additional 7,126 shares during the period. Institutional investors own 38.11% of the company’s stock.

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The Carlyle Group Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.

Analyst Recommendations for The Carlyle Group (NASDAQ:CG)

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