Carlyle Group (NASDAQ:CG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other equities research analysts also recently issued reports on CG. UBS Group lowered their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Carlyle Group in a research report on Thursday. Evercore upped their price target on Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.36.

Carlyle Group Trading Down 0.2%

Shares of CG stock opened at $48.82 on Friday. The business’s 50 day moving average is $58.20 and its two-hundred day moving average is $58.94. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a market cap of $17.63 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.99 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Equities analysts predict that Carlyle Group will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group’s payout ratio is currently 64.22%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after buying an additional 299 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in Carlyle Group in the fourth quarter valued at about $30,000. Finally, Quarry LP acquired a new position in Carlyle Group in the third quarter worth about $33,000. 55.88% of the stock is owned by institutional investors.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.