Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Rating of “Hold” from Analysts

Carlyle Group Inc. (NASDAQ:CG) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.3077.

A number of analysts have weighed in on CG shares. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. TD Cowen reissued a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup restated an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Finally, Citizens Jmp lifted their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th.

Institutional Investors Weigh In On Carlyle Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after buying an additional 332,533 shares in the last quarter. Empowered Funds LLC boosted its position in Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its position in shares of Carlyle Group by 27.4% during the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Carlyle Group by 755.3% during the first 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 during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Down 1.4%

Carlyle Group stock opened at $48.39 on Tuesday. The company has a market capitalization of $17.24 billion, a P/E ratio of 50.41, a P/E/G ratio of 1.50 and a beta of 1.82. Carlyle Group has a 1-year low of $39.60 and a 1-year high of $69.85. The firm’s fifty day simple moving average is $46.14 and its 200-day simple moving average is $47.58. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. Sell-side analysts forecast that Carlyle Group will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is presently 145.83%.

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.