The Carlyle Group (NASDAQ:CG) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of The Carlyle Group (NASDAQ:CG) in a research report report published on Thursday morning, MarketBeat reports. The firm issued an equal weight rating and a $42.00 price target on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price on The Carlyle Group from $55.00 to $53.00 and set a buy rating on the stock in a research report on Thursday, August 15th. Redburn Atlantic began coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a buy rating and a $55.00 price objective on the stock. Keefe, Bruyette & Woods reduced their target price on The Carlyle Group from $48.00 to $46.00 and set a market perform rating for the company in a research report on Tuesday, August 6th. Barclays lowered their price target on shares of The Carlyle Group from $51.00 to $46.00 and set an overweight rating on the stock in a report on Tuesday, August 6th. Finally, Oppenheimer reduced their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an outperform rating for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of Hold and an average price target of $45.81.

The Carlyle Group Trading Up 2.7 %

Shares of CG stock opened at $38.77 on Thursday. The business’s 50 day moving average is $41.86 and its two-hundred day moving average is $43.13. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio 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 market cap of $13.95 billion, a PE ratio of -21.66, a price-to-earnings-growth ratio of 1.12 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS 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 the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue was up 131.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. Equities analysts predict that The Carlyle Group will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 24,390 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $30.09, for a total transaction of $733,895.10. Following the transaction, the insider now owns 11,141,580 shares of the company’s stock, valued at approximately $335,250,142.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders sold 2,069,315 shares of company stock valued at $75,483,527. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CG. Vanguard Group Inc. lifted its holdings in The Carlyle Group by 7.6% in the fourth 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 period. Jessup Wealth Management Inc bought a new position in shares of The Carlyle Group in the 1st quarter worth $7,631,000. Principal Financial Group Inc. increased its holdings in The Carlyle Group by 4,693.0% in the fourth quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares during the last quarter. National Bank of Canada FI lifted its stake in The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after buying an additional 149,612 shares during the period. Finally, American International Group Inc. boosted its holdings in The Carlyle Group by 16,334.3% during the fourth quarter. American International Group Inc. now owns 292,367 shares of the financial services provider’s stock worth $11,896,000 after buying an additional 290,588 shares during 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.