The Carlyle Group (NASDAQ:CG) Price Target Increased to $50.00 by Analysts at Morgan Stanley

The Carlyle Group (NASDAQ:CG) had its target price upped by Morgan Stanley from $46.00 to $50.00 in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

CG has been the topic of several other reports. TD Cowen boosted their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a hold rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a buy rating on the stock in a report on Thursday, August 15th. Redburn Atlantic started coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a buy rating and a $55.00 target price for the company. Barclays raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an overweight rating in a research report on Monday, October 7th. Finally, Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a market perform rating on the stock in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $48.33.

The Carlyle Group Price Performance

CG opened at $48.27 on Thursday. The company has a fifty day simple moving average of $41.46 and a 200 day simple moving average of $42.80. 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 stock has a market cap of $17.37 billion, a P/E ratio of -26.97, a P/E/G ratio of 1.25 and a beta of 1.73. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $50.92.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. On average, research analysts expect that The Carlyle Group will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 2,336,067 shares of company stock valued at $51,796,951 in the last 90 days. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently added to or reduced their stakes in the business. Tobam acquired a new position in The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group during the second quarter valued at approximately $50,000. GAMMA Investing LLC lifted its stake in The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group in the first quarter valued at about $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.