Carlyle Group (NASDAQ:CG) Stock Moved Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently weighed in on the company. Barclays dropped their target price on Carlyle Group from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings cut shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, November 2nd. Wells Fargo & Company assumed coverage on shares of Carlyle Group in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 price objective for the company. Citizens Jmp lifted their price objective on shares of Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Finally, UBS Group cut their target price on shares of Carlyle Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.00.

Carlyle Group Price Performance

CG opened at $39.70 on Friday. The stock’s 50-day moving average price is $40.64 and its 200 day moving average price is $46.75. Carlyle Group has a 12-month low of $35.41 and a 12-month high of $67.30. The company has a current ratio of 2.57, a quick ratio of 2.35 and a debt-to-equity ratio of 2.23. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 1.28 and a beta of 1.84.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 16th. This represents a $1.40 annualized dividend and a yield of 3.5%. Carlyle Group’s dividend payout ratio is 148.94%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David Rubenstein sold 400,000 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the sale, the director owned 26,899,644 shares of the company’s stock, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is owned by corporate insiders.

Institutional Trading of Carlyle Group

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Carlyle Group during the 2nd quarter worth approximately $1,346,848,000. William Blair Investment Management LLC raised its holdings in shares of Carlyle Group by 15.3% in the 3rd quarter. William Blair Investment Management LLC now owns 6,821,563 shares of the financial services provider’s stock valued at $270,543,000 after purchasing an additional 906,658 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at $162,984,000. Amundi lifted its position in shares of Carlyle Group by 419.0% during the 2nd quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock worth $143,427,000 after purchasing an additional 2,749,781 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Carlyle Group by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock worth $99,086,000 after purchasing an additional 23,065 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Carlyle Group

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Carlyle reported Q3 distributable EPS of $1.12 and revenue of $994.5 million, both above analyst expectations. Its earnings call also highlighted record fee-related earnings and $479 billion in assets under management. Carlyle Q3 and fundraising report
• Positive Sentiment: The company declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually. Carlyle dividend announcement
• Positive Sentiment: Carlyle is targeting $60 billion in fundraising for 2026. It has returned $24 billion to private-equity investors, a move intended to support future fundraising. Carlyle fundraising strategy
• Negative Sentiment: Deutsche Bank cut its price target to $48 from $51, while keeping a Buy rating. Barclays also lowered its target to $48, from $53, while maintaining an Overweight rating. The retained positive ratings temper, but do not erase, the signal of reduced price expectations. Deutsche Bank price target update
• Negative Sentiment: Despite the earnings beat, coverage described market caution about Carlyle’s future growth. That concern may help explain why the stock has been under pressure following results. Q3 fundraising and growth outlook

Carlyle Group Company Profile

The Carlyle Group Inc is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments.

Founded in Washington, DC, in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.

Harvey Schwartz became Carlyle’s chief executive officer in 2023.