The Carlyle Group Inc. (NASDAQ:CG) Receives $53.33 Consensus PT from Analysts

The Carlyle Group Inc. (NASDAQ:CG) has been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $53.33.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Evercore ISI increased their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. 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 report on Wednesday, October 23rd. Barclays boosted their price target 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. Finally, StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday.

Insiders Place Their Bets

In related news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. 27.20% of the stock is currently owned by company insiders.

Institutional Trading of The Carlyle Group

A number of hedge funds and other institutional investors have recently modified their holdings of CG. Westbourne Investment Advisors Inc. boosted its stake in shares of The Carlyle Group by 3.6% during the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares during the period. Bleakley Financial Group LLC increased its stake in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after acquiring an additional 208 shares during the period. Tobam boosted its stake in The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares in the last quarter. Western Pacific Wealth Management LP increased its stake in The Carlyle Group by 14.7% in the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 313 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of The Carlyle Group by 0.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 318 shares during the period. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $53.65 on Wednesday. The Carlyle Group has a 12 month low of $32.09 and a 12 month high of $54.52. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a 50-day moving average price of $48.30 and a 200-day moving average price of $44.03. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 185.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.70.

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

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

The Carlyle Group Company Profile

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.