Carlyle Group Inc. (NASDAQ:CG) Receives $66.14 Consensus Target Price from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $66.1429.

CG has been the subject of several analyst reports. Morgan Stanley upped their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. TD Cowen reduced their target price on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Citigroup dropped their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets initiated coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Finally, Barclays increased their target price on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th.

Carlyle Group Trading Up 0.2%

Shares of Carlyle Group stock opened at $61.09 on Thursday. The company’s fifty day moving average is $55.86 and its two-hundred day moving average is $58.49. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $22.02 billion, a P/E ratio of 34.13, a PEG ratio of 1.32 and a beta of 2.06.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. The business had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Analysts forecast that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, November 10th. Carlyle Group’s payout ratio is presently 78.21%.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. 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 owned by corporate insiders.

Institutional Trading of Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Carlyle Group during the 2nd quarter worth approximately $150,122,000. State Street Corp raised its holdings in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Carlyle Group in the third quarter valued at $75,612,000. Vanguard Group Inc. increased its position in Carlyle Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after purchasing an additional 714,428 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its stake in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after purchasing an additional 700,000 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.