The Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of “Hold” from Brokerages

The Carlyle Group Inc. (NASDAQ:CG) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $45.60.

A number of equities analysts recently issued reports on CG shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. The Goldman Sachs Group cut their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen lowered their target price on shares of The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group lowered their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays decreased their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the completion of the transaction, the insider now owns 12,395,920 shares in the company, valued at $498,687,861.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 514,288 shares of company stock valued at $18,383,593. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of CG. American Trust bought a new position in The Carlyle Group in the 1st quarter worth approximately $267,000. EverSource Wealth Advisors LLC raised its position in The Carlyle Group by 29.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,696 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 839 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of The Carlyle Group by 28.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,760 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 9,273 shares during the period. Boston Partners acquired a new position in The Carlyle Group during the first quarter worth $109,122,000. Finally, Cetera Advisors LLC bought a new position in shares of The Carlyle Group during the first quarter valued at $773,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 0.7 %

Shares of CG opened at $39.89 on Friday. The Carlyle Group has a one year low of $27.13 and a one year high of $48.52. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a 50 day moving average price of $42.33 and a 200 day moving average price of $42.91. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of -22.28, a PEG ratio of 1.12 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. Equities research analysts forecast that The Carlyle Group will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.51%. The Carlyle Group’s payout ratio is -78.21%.

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.