The Carlyle Group (NASDAQ:CG) Upgraded at StockNews.com

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research report released on Tuesday.

CG has been the topic of a number of other research reports. Evercore ISI increased their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Barclays increased their target price on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Stock Performance

Shares of CG opened at $51.09 on Tuesday. The stock’s 50-day simple moving average is $46.68 and its 200 day simple moving average is $43.62. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 176.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a 52-week low of $31.21 and a 52-week high of $54.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Research analysts forecast that The Carlyle Group will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.74%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,171,556 shares of company stock worth $29,222,475. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC increased its position in shares of The Carlyle Group by 43.8% during the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 2,593 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Carlyle Group during the first quarter valued at approximately $212,000. Empowered Funds LLC increased its position in shares of The Carlyle Group by 12.6% during the first quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider’s stock valued at $1,265,000 after acquiring an additional 3,015 shares in the last quarter. Forsta AP Fonden increased its position in shares of The Carlyle Group by 8.7% during the first quarter. Forsta AP Fonden now owns 56,200 shares of the financial services provider’s stock valued at $2,636,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of The Carlyle Group by 6.5% during the first quarter. Russell Investments Group Ltd. now owns 654,079 shares of the financial services provider’s stock valued at $30,681,000 after acquiring an additional 39,948 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About The Carlyle Group

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.