Carlyle Group (NASDAQ:CG) Price Target Lowered to $67.00 at Barclays

Carlyle Group (NASDAQ:CG) had its target price lowered by Barclays from $68.00 to $67.00 in a report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. BMO Capital Markets reduced their target price on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. TD Cowen increased their target price 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. Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.43.

Carlyle Group Trading Up 2.5%

NASDAQ:CG opened at $48.18 on Wednesday. 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 $17.40 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 0.89 and a beta of 2.05. Carlyle Group has a 52 week low of $33.59 and a 52 week high of $69.85. The firm has a 50-day moving average price of $51.16 and a two-hundred day moving average price of $56.16.

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

Carlyle Group Dividend Announcement

The company also recently declared 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 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio is presently 64.22%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in Carlyle Group by 1.3% in the 4th quarter. Hsbc Holdings PLC now owns 108,615 shares of the financial services provider’s stock valued at $6,428,000 after purchasing an additional 1,352 shares during the period. Winthrop Partners WNY LLC bought a new position in Carlyle Group in the 4th quarter valued at $964,000. Corient Private Wealth LLC boosted its holdings in Carlyle Group by 18.0% in the 4th quarter. Corient Private Wealth LLC now owns 50,445 shares of the financial services provider’s stock valued at $2,982,000 after purchasing an additional 7,678 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Carlyle Group in the 4th quarter valued at $196,000. Finally, Tobam boosted its holdings in Carlyle Group by 22,841.7% in the 4th quarter. Tobam now owns 5,506 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 5,482 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.