Carlyle Group (NASDAQ:CG) Price Target Lowered to $65.00 at UBS Group

Carlyle Group (NASDAQ:CG) had its price objective lowered by UBS Group from $81.00 to $65.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

CG has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Barclays increased their price objective on Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Finally, Citigroup dropped their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and a consensus target price of $66.85.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $53.23 on Friday. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The stock’s 50 day moving average is $60.07 and its 200-day moving average is $59.88. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.03 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS 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 23.98%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 84.1% compared to the same quarter last year. Sell-side analysts forecast that Carlyle Group will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.6%. Carlyle Group’s payout ratio is currently 64.22%.

Insider Activity

In other news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction 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 directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Carlyle Group

Several hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Carlyle Group by 937.5% during 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 during the period. Goldman Sachs Group Inc. lifted its stake in Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares during the last quarter. Empowered Funds LLC increased its position in Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after buying an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. lifted 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 buying an additional 574 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

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.