The Carlyle Group (NASDAQ:CG) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of The Carlyle Group (NASDAQ:CG) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has $44.00 target price on the financial services provider’s stock, down from their prior target price of $46.00.

Other equities analysts also recently issued reports about the stock. TD Cowen dropped their target price on shares of The Carlyle Group from $45.00 to $41.00 and set a hold rating on the stock in a research note on Monday, July 8th. The Goldman Sachs Group decreased their target price 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. Keefe, Bruyette & Woods restated a market perform rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Oppenheimer dropped their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group reduced their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a neutral rating for the company in a report on Wednesday, July 10th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $45.57.

The Carlyle Group Trading Down 0.1 %

Shares of NASDAQ CG opened at $39.18 on Tuesday. The stock has a market capitalization of $14.10 billion, a P/E ratio of -21.92, a PEG ratio of 1.38 and a beta of 1.75. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $50.92. The business’s 50 day moving average is $42.34 and its two-hundred day 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 (NASDAQ:CG) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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 revenue was up 131.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 EPS. As a group, research analysts expect that The Carlyle Group will post 3.87 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be paid a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.57%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the sale, the insider now directly owns 12,123,705 shares in the company, valued at approximately $438,756,883.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 2,183,379 shares of company stock valued at $79,577,951 over the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in The Carlyle Group during the fourth quarter worth about $951,000. Fifth Third Bancorp increased its holdings in shares of The Carlyle Group by 25.6% during the 4th 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 during the last quarter. New York State Teachers Retirement System acquired a new position in The Carlyle Group in the fourth quarter valued at approximately $1,349,000. DekaBank Deutsche Girozentrale grew its position 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 worth $1,328,000 after acquiring an additional 9,235 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in The Carlyle Group during the fourth quarter worth $597,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

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.