Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) Target Price at $54.53

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $54.53.

Several research analysts have recently weighed in on the stock. Oppenheimer cut shares of The Carlyle Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Evercore ISI upped their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on The Carlyle Group from $54.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th. Finally, Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, January 3rd.

The Carlyle Group Stock Performance

Shares of CG opened at $45.09 on Tuesday. The firm has a market capitalization of $16.29 billion, a P/E ratio of 16.22, a PEG ratio of 0.98 and a beta of 1.73. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a one year low of $36.65 and a one year high of $57.50. The business has a fifty day moving average of $49.52 and a 200 day moving average of $49.38.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, sell-side analysts anticipate that The Carlyle Group will post 4.48 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, February 21st. The Carlyle Group’s payout ratio is currently 50.36%.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in The Carlyle Group during the fourth quarter valued at $25,000. National Pension Service bought a new position in shares of The Carlyle Group in the 4th quarter valued at about $25,000. Valley National Advisers Inc. grew its position in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in shares of The Carlyle Group in the 4th quarter valued at approximately $29,000. 55.88% of the stock is owned by institutional investors.

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.