The Carlyle Group (NASDAQ:CG) PT Raised to $50.00 at Barclays

The Carlyle Group (NASDAQ:CG) had its price target boosted by Barclays from $46.00 to $50.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on CG. TD Cowen upped their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a hold rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a buy rating for the company in a report on Thursday, August 15th. Wells Fargo & Company assumed coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They set an equal weight rating and a $42.00 price target for the company. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a buy rating and a $55.00 price target for the company. Finally, Oppenheimer decreased their price target 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. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $48.33.

The Carlyle Group Trading Up 0.7 %

The Carlyle Group stock opened at $46.94 on Monday. The company’s fifty day simple moving average is $41.38 and its 200-day simple moving average is $42.84. 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 stock has a market cap of $16.89 billion, a P/E ratio of -26.22, a P/E/G ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly 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 Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The company’s revenue was up 131.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Carlyle Group will post 3.76 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.98%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 69,637 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $34.81, for a total transaction of $2,424,063.97. Following the sale, the insider now directly owns 10,730,064 shares of the company’s stock, valued at $373,513,527.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,504,788 shares of company stock valued at $52,772,622 over the last three months. 27.20% of the stock is owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised 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 worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Capital World Investors raised its holdings in The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after purchasing an additional 79,681 shares during the period. William Blair Investment Management LLC raised its holdings in The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after purchasing an additional 721,608 shares during the period. Ariel Investments LLC raised its holdings in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the period. Finally, Capital International Investors acquired a new stake in shares of The Carlyle Group during the first quarter worth $142,511,000. 55.88% of the stock is owned by institutional investors.

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.