UBS Group Increases The Carlyle Group (NASDAQ:CG) Price Target to $50.00

The Carlyle Group (NASDAQ:CG) had its target price hoisted by UBS Group from $46.00 to $50.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Citigroup raised their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. raised their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an overweight rating in a research note on Thursday, February 8th. Barclays boosted their price objective on The Carlyle Group from $55.00 to $56.00 and gave the stock an overweight rating in a report on Monday, April 8th. JMP Securities boosted their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a market outperform rating in a report on Thursday, February 8th. Finally, TD Cowen assumed coverage on The Carlyle Group in a report on Thursday, January 4th. They set a market perform rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $43.07.

The Carlyle Group Price Performance

CG stock opened at $45.27 on Friday. The stock has a 50-day moving average price of $45.75 and a two-hundred day moving average price of $38.73. The stock has a market cap of $16.39 billion, a PE ratio of -26.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The company had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. During the same period in the prior year, the business posted $1.01 EPS. The company’s quarterly revenue was down 15.4% on a year-over-year basis. Equities analysts forecast that The Carlyle Group will post 3.93 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.09%. The Carlyle Group’s dividend payout ratio (DPR) is currently -82.84%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 27.00% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in The Carlyle Group by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 586,876 shares of the financial services provider’s stock valued at $28,704,000 after buying an additional 20,136 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in The Carlyle Group by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,786 shares of the financial services provider’s stock valued at $381,000 after buying an additional 531 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in The Carlyle Group in the 1st quarter valued at about $200,000. MetLife Investment Management LLC purchased a new stake in The Carlyle Group in the 1st quarter valued at about $159,000. Finally, BlackRock Inc. increased its stake in The Carlyle Group by 7.2% in the 1st quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock valued at $746,227,000 after buying an additional 1,020,504 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.