The Carlyle Group (NASDAQ:CG) Downgraded to “Market Perform” Rating by Oppenheimer

Oppenheimer downgraded shares of The Carlyle Group (NASDAQ:CG) from an outperform rating to a market perform rating in a report issued on Wednesday, MarketBeat reports.

A number of other research analysts also recently commented on CG. Wells Fargo & Company dropped their price objective on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Barclays cut their price target on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Evercore ISI raised their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.93.

The Carlyle Group Stock Up 3.0 %

CG stock opened at $43.46 on Wednesday. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company’s 50 day moving average price is $50.34 and its 200 day moving average price is $49.16. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.98 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. On average, equities research analysts anticipate that The Carlyle Group will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 annualized dividend and a yield of 3.22%. The Carlyle Group’s dividend payout ratio is currently 50.36%.

Institutional Trading of The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider’s stock valued at $3,395,000 after purchasing an additional 220 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after acquiring an additional 225 shares during the period. Aviva PLC raised its position in The Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider’s stock worth $879,000 after acquiring an additional 227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of The Carlyle Group by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider’s stock worth $2,353,000 after purchasing an additional 258 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its stake in shares of The Carlyle Group by 1.5% during the 4th quarter. O ROURKE & COMPANY Inc now owns 17,990 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 266 shares during the period. Hedge funds and other 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.