Carlyle Group Inc. (NASDAQ:CG) Stock Has Average Target Price of $58.93

Carlyle Group Inc. (NASDAQ:CG) has been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $58.93.

CG has been the topic of a number of analyst reports. UBS Group boosted their price target on Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. TD Cowen reissued a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Morgan Stanley set a $57.00 price target on Carlyle Group in a research report on Tuesday, July 21st. Finally, Barclays upped their price target on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th.

Insider Buying and Selling at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the transaction, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Main Street Group LTD purchased a new stake in shares of Carlyle Group during the first quarter valued at $27,000. Allworth Financial LP bought a new position in Carlyle Group during the 2nd quarter valued at about $35,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Carlyle Group by 50.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 955 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 321 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 258 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of Carlyle Group during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 1.3%

Shares of Carlyle Group stock opened at $39.52 on Friday. Carlyle Group has a 1 year low of $38.72 and a 1 year high of $67.30. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 1.25 and a beta of 1.84. The company has a 50-day moving average of $45.81 and a 200 day moving average of $46.23. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Carlyle Group’s quarterly revenue was down 28.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlyle Group will post 3.6 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.5%. Carlyle Group’s dividend payout ratio is presently 145.83%.

Carlyle Group Company Profile

The Carlyle Group Inc (NASDAQ:CG) is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across private equity, global credit and investment solutions, with strategies spanning corporate, real estate and infrastructure investments.

Carlyle’s investment activities include acquiring and supporting companies through its corporate private equity platform, providing loans and other financing through its credit business, and managing portfolios of private market investments through its investment solutions platform.