Analysts Set The Carlyle Group Inc. (NASDAQ:CG) Target Price at $54.00

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

A number of brokerages have commented on CG. Evercore ISI upped their target price on shares of 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. Redburn Atlantic started coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th.

The Carlyle Group Trading Up 0.1 %

Shares of NASDAQ CG opened at $49.03 on Friday. The business’s 50 day moving average price is $51.52 and its 200-day moving average price is $45.26. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 169.07, a PEG ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. On average, sell-side analysts expect that The Carlyle Group will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

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

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction that occurred on 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 in the company, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s 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 transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 in the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several large investors have recently added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. boosted its holdings in shares of The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 200 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in The Carlyle Group by 0.5% in the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 208 shares during the last quarter. Tobam grew its position in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the period. Western Pacific Wealth Management LP raised its stake in shares of The Carlyle Group by 10.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after buying an additional 314 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of The Carlyle Group by 0.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 318 shares during the last quarter. Hedge funds and other 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.