Carlyle Group Inc. (NASDAQ:CG) Receives Average Recommendation of “Hold” from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $58.93.

Several equities research analysts have recently issued reports on CG shares. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $57.00 price target on Carlyle Group in a report on Tuesday, July 21st. BMO Capital Markets reissued an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a report on Monday, July 13th. TD Cowen reaffirmed a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Finally, Citizens Jmp lifted their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th.

Insiders Place Their Bets

In related news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction dated Friday, September 11th. The stock was 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 in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in CG. BlackRock Inc. acquired a new position in Carlyle Group in the 2nd quarter valued at $1,346,848,000. Geode Capital Management LLC grew its holdings in shares of Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after buying an additional 79,134 shares in the last quarter. Norges Bank acquired a new stake in shares of Carlyle Group in the fourth quarter valued at about $288,257,000. William Blair Investment Management LLC purchased a new position in shares of Carlyle Group in the second quarter worth about $249,077,000. Finally, Legal & General Group Plc acquired a new position in Carlyle Group during the second quarter worth about $162,984,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 0.1%

Shares of CG stock opened at $39.66 on Friday. Carlyle Group has a twelve month low of $38.72 and a twelve month high of $67.30. The stock has a market cap of $14.13 billion, a P/E ratio of 41.31, a P/E/G ratio of 1.24 and a beta of 1.84. The stock has a 50 day moving average of $45.62 and a 200 day moving average of $46.14. 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 (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. During the same quarter last year, the company earned $0.87 EPS. The business’s revenue was down 28.6% on a year-over-year basis. As a group, sell-side analysts expect that Carlyle Group will post 3.6 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio is 145.83%.

About Carlyle Group

The Carlyle Group Inc is a global alternative asset management firm that invests across private equity, credit and investment solutions. The company manages funds and investment vehicles for institutional investors, private wealth clients and other investors, with strategies focused on private markets and long-term value creation.

Carlyle’s investment activities include corporate buyouts, growth capital, middle-market lending, structured credit, real assets and secondaries. Through its investment solutions business, the firm also provides access to private-market strategies and manages portfolios of private equity interests and other alternative investments.

Founded in 1987 by William E.