The Carlyle Group Inc. (NASDAQ:CG) Receives $54.00 Consensus Target Price from Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $54.00.

A number of analysts recently commented on the company. Evercore ISI raised their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Oppenheimer raised their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Barclays boosted their price target on shares of The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now directly owns 4,767,697 shares in the company, valued at $11,966,919.47. This represents a 2.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Hedge funds have recently modified their holdings of the company. Tobam bought a new position in shares of The Carlyle Group in the 2nd quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the period. Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the 3rd quarter valued at approximately $33,000. Rothschild Investment LLC bought a new stake in The Carlyle Group in the second quarter worth $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

CG stock opened at $49.03 on Friday. The firm has a 50 day simple moving average of $51.52 and a two-hundred day simple moving average of $45.26. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market cap of $17.54 billion, a PE ratio of 169.07, a P/E/G ratio of 1.45 and a beta of 1.69. The Carlyle Group has a one year low of $36.65 and a one year high of $55.11.

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

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

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.