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

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

CG has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut 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 research report on Thursday, August 15th. TD Cowen lifted their target price on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Oppenheimer upped their price target on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock worth $29,222,475 over the last 90 days. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CG. Capital World Investors boosted its position in shares of The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after purchasing an additional 79,681 shares in the last quarter. Ariel Investments LLC raised its position in shares of The Carlyle Group by 1.1% in the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares during the last quarter. FMR LLC grew its position in The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the last quarter. Capital International Investors purchased a new position in shares of The Carlyle Group in the first quarter worth $142,511,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of The Carlyle Group by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock valued at $109,524,000 after buying an additional 55,662 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $53.65 on Wednesday. The company has a 50 day moving average of $48.30 and a 200 day moving average of $44.00. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group has a twelve month low of $32.09 and a twelve month high of $54.52. The firm has a market cap of $19.19 billion, a P/E ratio of 185.00, a PEG ratio of 1.35 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. 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 business earned $0.87 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts expect that The Carlyle Group will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.61%. The Carlyle Group’s payout ratio is 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.