TD Cowen Forecasts Strong Price Appreciation for The Carlyle Group (NASDAQ:CG) Stock

The Carlyle Group (NASDAQ:CG) had its target price increased by TD Cowen from $43.00 to $49.00 in a report issued on Friday,Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday. Oppenheimer raised their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Barclays boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Trading Up 1.9 %

Shares of The Carlyle Group stock opened at $53.30 on Friday. The business has a fifty day simple moving average of $45.88 and a 200-day simple moving average of $43.47. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 183.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The Carlyle Group has a fifty-two week low of $29.56 and a fifty-two week high of $54.52. The company has a quick ratio of 2.55, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

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 (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The company 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 business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. On average, equities analysts forecast that The Carlyle Group will post 3.72 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio is 482.76%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the firm’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 transaction, the insider now directly owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,676,014 shares of company stock valued at $3,687,196 over the last three months. 27.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new stake in The Carlyle Group during the third quarter valued at about $1,060,000. Moors & Cabot Inc. lifted its position in shares of The Carlyle Group by 11.8% during the 3rd quarter. Moors & Cabot Inc. now owns 8,553 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 900 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in The Carlyle Group in the 3rd quarter valued at approximately $560,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in The Carlyle Group in the 3rd quarter worth approximately $265,000. Finally, Whalen Wealth Management Inc. acquired a new position in shares of The Carlyle Group during the third quarter worth approximately $719,000. Institutional investors own 55.88% of the company’s stock.

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.