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

Carlyle Group Inc. (NASDAQ:CG) has been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $62.00.

CG has been the subject of several analyst reports. Weiss Ratings cut Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Barclays reduced their price objective on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. BMO Capital Markets reduced their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Finally, Morgan Stanley lowered their price objective on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st.

Institutional Trading of Carlyle Group

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of Carlyle Group by 937.5% during the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after buying an additional 332,533 shares during the last quarter. Empowered Funds LLC grew its holdings in Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after acquiring an additional 1,579 shares during the last quarter. Focus Partners Wealth increased its position in Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. raised 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 last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Price Performance

Carlyle Group stock opened at $41.06 on Thursday. The company has a market capitalization of $14.78 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.47 and a beta of 1.84. The stock’s 50 day moving average is $47.13 and its 200-day moving average is $52.49. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group has a 12 month low of $40.47 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. Equities research analysts expect that Carlyle Group will post 4.05 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. Carlyle Group’s dividend payout ratio is 95.89%.

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.