The Carlyle Group Inc. (NASDAQ:CG) Receives $44.25 Average Price Target from Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG) have earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $44.73.

CG has been the subject of several analyst reports. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. UBS Group boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. The Goldman Sachs Group cut their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Morgan Stanley boosted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $41.48 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The company has a 50 day simple moving average of $45.59 and a two-hundred day simple moving average of $40.37. The Carlyle Group has a 12 month low of $25.47 and a 12 month high of $48.52. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of -23.17, a PEG ratio of 1.01 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, analysts predict that The Carlyle Group will post 3.94 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Institutional Trading of The Carlyle Group

Several hedge funds have recently made changes to their positions in CG. William Blair Investment Management LLC increased its stake in shares of The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after buying an additional 3,524,794 shares during the period. Norges Bank purchased a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $130,771,000. Vanguard Group Inc. increased its stake in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after buying an additional 1,756,189 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after buying an additional 1,712,133 shares during the period. Finally, SeaTown Holdings Pte. Ltd. purchased a new position in The Carlyle Group in the third quarter valued at approximately $29,949,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Company Profile

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.