Deutsche Bank Aktiengesellschaft Boosts The Carlyle Group (NASDAQ:CG) Price Target to $55.00

The Carlyle Group (NASDAQ:CG) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $52.00 to $55.00 in a report issued on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lowered their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a hold rating for the company in a research report on Thursday, May 9th. TD Cowen lowered their price target on shares of The Carlyle Group from $45.00 to $41.00 and set a hold rating for the company in a report on Monday, July 8th. The Goldman Sachs Group dropped their price target on The Carlyle Group from $54.00 to $48.00 and set a buy rating for the company in a research report on Thursday, May 2nd. UBS Group dropped their price target on The Carlyle Group from $45.00 to $44.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. Finally, Barclays lifted their price target on The Carlyle Group from $47.00 to $51.00 and gave the stock an overweight rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of Hold and a consensus price target of $45.57.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded up $0.36 during trading on Tuesday, hitting $39.59. 497,512 shares of the company’s stock were exchanged, compared to its average volume of 2,288,641. The business’s 50-day simple moving average is $42.34 and its 200 day simple moving average is $43.66. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group has a 52-week low of $27.13 and a 52-week high of $50.92. The company has a market cap of $14.25 billion, a price-to-earnings ratio of -21.92, a PEG ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, equities analysts predict that The Carlyle Group will post 3.87 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 16th will be given a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.54%. The Carlyle Group’s payout ratio is -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total value of $733,895.10. Following the completion of the sale, the insider now directly owns 11,141,580 shares in the company, valued at approximately $335,250,142.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,183,379 shares of company stock valued at $79,577,951 in the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $951,000. Fifth Third Bancorp boosted its holdings in The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after buying an additional 446 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of The Carlyle Group during the 4th quarter valued at about $1,349,000. DekaBank Deutsche Girozentrale grew its holdings in The Carlyle Group by 39.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 32,487 shares of the financial services provider’s stock valued at $1,328,000 after purchasing an additional 9,235 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in The Carlyle Group in the 4th quarter valued at $597,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.