Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG) have earned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $65.3571.

Several research firms have recently weighed in on CG. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore upped their target price on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $65.00 price target on shares of Carlyle Group in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada assumed coverage on shares of Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 target price for the company.

Insider Activity

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was 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 of the company’s stock, 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 filing with the SEC, which is available at this link. 26.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlyle Group

A number of institutional investors have recently bought and sold shares of CG. Allworth Financial LP increased its holdings in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the period. Bernard Wealth Management Corp. acquired a new position in Carlyle Group in the 4th quarter valued at approximately $30,000. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at $26,000. Quarry LP purchased a new position in shares of Carlyle Group during the 3rd quarter valued at $33,000. Finally, Motco purchased a new stake in shares of Carlyle Group during the third quarter worth $40,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

Shares of CG opened at $48.82 on Tuesday. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The stock has a market capitalization of $17.63 billion, a P/E ratio of 22.39, a P/E/G ratio of 0.99 and a beta of 2.07. The firm’s 50 day moving average is $58.20 and its 200-day moving average is $58.94. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33.

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

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group’s payout ratio is presently 64.22%.

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.