Redburn Atlantic Begins Coverage on The Carlyle Group (NASDAQ:CG)

Redburn Atlantic began coverage on shares of The Carlyle Group (NASDAQ:CG) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $55.00 price target on the financial services provider’s stock.

CG has been the topic of a number of other research reports. Oppenheimer reduced their price objective on The Carlyle Group from $69.00 to $64.00 and set an outperform rating on the stock in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on The Carlyle Group from $55.00 to $53.00 and set a buy rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. cut shares of The Carlyle Group from an overweight rating to a neutral rating and reduced their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Jefferies Financial Group lowered their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a hold rating for the company in a report on Thursday, May 9th. Finally, Barclays decreased their price objective on shares of The Carlyle Group from $51.00 to $46.00 and set an overweight rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, The Carlyle Group currently has a consensus rating of Hold and an average target price of $46.07.

The Carlyle Group Stock Up 0.1 %

CG opened at $40.13 on Tuesday. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of -22.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $50.92. 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 business has a 50-day moving average of $42.20 and a two-hundred day moving average of $43.52.

The Carlyle Group (NASDAQ:CG) last announced 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 Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 131.5% on a year-over-year basis. On average, research analysts expect that The Carlyle Group will post 3.87 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,261,559 shares of company stock valued at $82,700,460 in the last three months. 27.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares during the last quarter. Riverwater Partners LLC grew its holdings in shares of The Carlyle Group by 1.1% in the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 228 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. Fifth Third Bancorp boosted its position in shares of The Carlyle Group by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 251 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its stake in The Carlyle Group by 2.5% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 271 shares in the last quarter. Institutional investors 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.