The Carlyle Group (NASDAQ:CG) Reaches New 1-Year High – What’s Next?

The Carlyle Group Inc. (NASDAQ:CG) hit a new 52-week high on Friday . The stock traded as high as $55.20 and last traded at $55.01, with a volume of 50629 shares traded. The stock had previously closed at $54.27.

Analysts Set New Price Targets

Several research firms have recently issued reports on CG. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.44.

The Carlyle Group Price Performance

The company has a fifty day moving average price of $51.96 and a two-hundred day moving average price of $46.78. The company has a market cap of $19.77 billion, a price-to-earnings ratio of 190.39, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Carlyle Group Inc. will post 3.8 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insider Activity

In related news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Westbourne Investment Advisors Inc. grew its position in shares of The Carlyle Group by 3.6% in the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 200 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of The Carlyle Group by 0.5% in the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 208 shares during the last quarter. Tobam grew its position in shares of The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Western Pacific Wealth Management LP grew its position in shares of The Carlyle Group by 10.6% in the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 314 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in The Carlyle Group by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 318 shares in the last quarter. Institutional investors 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.