The Carlyle Group’s (CG) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reiterated their market outperform rating on shares of The Carlyle Group (NASDAQ:CG) in a research report report published on Wednesday morning, Benzinga reports. JMP Securities currently has a $60.00 price target on the financial services provider’s stock.

A number of other brokerages have also recently commented on CG. TD Cowen upped their price target on The Carlyle Group from $41.00 to $42.00 and gave the company a hold rating in a research note on Tuesday, August 6th. Barclays increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an overweight rating in a report on Monday. UBS Group lowered their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lowered The Carlyle Group from an overweight rating to a neutral rating and reduced their target price for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Finally, Oppenheimer dropped their price target on The Carlyle Group from $69.00 to $64.00 and set an outperform rating on the stock in a research report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $47.67.

The Carlyle Group Trading Down 0.1 %

Shares of NASDAQ CG opened at $46.63 on Wednesday. The company’s 50 day simple moving average is $41.39 and its 200 day simple moving average is $42.81. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a fifty-two week low of $27.13 and a fifty-two week high of $50.92. The firm has a market capitalization of $16.78 billion, a P/E ratio of -26.05, a P/E/G ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, analysts predict that The Carlyle Group will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 93,187 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.70, for a total transaction of $2,954,027.90. Following the sale, the insider now owns 10,894,562 shares in the company, valued at approximately $345,357,615.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,562,041 shares of company stock worth $54,624,756. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently made changes to their positions in CG. Tobam acquired a new position in shares of The Carlyle Group in the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group in the second quarter valued at about $50,000. GAMMA Investing LLC increased its position in The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 215 shares during the period. Finally, 1832 Asset Management L.P. acquired a new stake in The Carlyle Group in the 1st quarter worth about $55,000. Institutional investors own 55.88% of the company’s stock.

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.