Carlyle Group (NASDAQ:CG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.

CG has been the subject of a number of other reports. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group reduced their price target on shares of Carlyle Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods upped their price target on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Morgan Stanley set a $51.00 price objective on shares of Carlyle Group in a research report on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $52.00 price objective on shares of Carlyle Group in a research report on Monday, July 13th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.00.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $36.38 on Friday. The firm has a market cap of $12.96 billion, a PE ratio of 37.90, a PEG ratio of 1.06 and a beta of 1.88. The stock has a 50 day moving average of $43.47 and a 200 day moving average of $45.40. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group has a 12 month low of $35.41 and a 12 month high of $67.30.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The company’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. On average, research analysts expect that Carlyle Group will post 3.58 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio is presently 145.83%.

Insiders Place Their Bets

In related news, Director David Rubenstein sold 400,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the sale, the director directly owned 26,899,644 shares of the company’s stock, valued at $1,149,690,784.56. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CG. Vontobel Holding Ltd. boosted its holdings in shares of Carlyle Group by 2.7% in the third quarter. Vontobel Holding Ltd. now owns 51,213 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 1,369 shares during the period. TD Waterhouse Canada Inc. grew its stake in Carlyle Group by 38.4% in the third quarter. TD Waterhouse Canada Inc. now owns 88,951 shares of the financial services provider’s stock worth $3,600,000 after purchasing an additional 24,662 shares in the last quarter. GFG Capital LLC increased its holdings in Carlyle Group by 15.6% during the 3rd quarter. GFG Capital LLC now owns 60,036 shares of the financial services provider’s stock worth $2,381,000 after purchasing an additional 8,094 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in Carlyle Group by 2.9% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 11,287 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 316 shares during the period. Finally, Krilogy Financial LLC raised its position in Carlyle Group by 47.4% during the 3rd quarter. Krilogy Financial LLC now owns 8,400 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 2,702 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.