The Carlyle Group (NASDAQ:CG) PT Lowered to $47.00 at Barclays

The Carlyle Group (NASDAQ:CG) had its target price reduced by Barclays from $56.00 to $47.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

CG has been the subject of several other research reports. UBS Group upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a neutral rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reiterated a market perform rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday. TheStreet downgraded The Carlyle Group from a b- rating to a c rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their target price on The Carlyle Group from $39.00 to $45.00 and gave the stock an overweight rating in a report on Thursday, February 8th. Finally, Citigroup increased their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of Hold and a consensus price target of $44.25.

The Carlyle Group Price Performance

Shares of CG traded up $0.48 during mid-day trading on Thursday, reaching $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The company’s 50 day simple moving average is $45.75 and its 200 day simple moving average is $40.09. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a P/E/G ratio of 0.87 and a beta of 1.77. The Carlyle Group has a 1-year low of $25.20 and a 1-year high of $48.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period in the prior year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. Analysts expect that The Carlyle Group will post 3.94 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently made changes to their positions in CG. Vanguard Group Inc. raised its position in The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of The Carlyle Group by 65.9% in the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock worth $267,743,000 after acquiring an additional 3,524,794 shares in the last quarter. Ariel Investments LLC raised its holdings in shares of The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the last quarter. Norges Bank purchased a new position in The Carlyle Group during the fourth quarter worth about $130,771,000. Finally, Goldman Sachs Group Inc. grew its position in The Carlyle Group by 194.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after purchasing an additional 1,712,133 shares in the last quarter. Institutional investors and hedge funds 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.