Carlyle Group Inc. (NASDAQ:CG) Given Average Recommendation of “Hold” by Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $65.3571.

Several equities analysts have recently issued reports on CG shares. Barclays reduced their target price on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. TD Cowen increased their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Finally, Evercore raised their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Carlyle Group in the 4th quarter valued at about $288,257,000. State Street Corp boosted its position in Carlyle Group by 20.9% during the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Carlyle Group in the third quarter worth about $75,612,000. Vanguard Group Inc. raised its position in shares of Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after purchasing an additional 934,237 shares during the period. Finally, Algebris UK Ltd. purchased a new stake in shares of Carlyle Group during the 4th quarter valued at approximately $50,459,000. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $46.38 on Tuesday. The company has a fifty day moving average price of $56.79 and a 200-day moving average price of $58.31. The firm has a market cap of $16.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 0.88 and a beta of 2.07. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85.

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

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is currently 64.22%.

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.