Carlyle Group Inc. (NASDAQ:CG) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Carlyle Group Inc. has received a consensus recommendation of "Hold" from seventeen brokerages, with one sell rating, nine hold ratings, and seven buy ratings.
• JMP Securities raised their price target to $75.00, while BMO Capital Markets set their target at $74.00, reflecting analyst optimism for the company's stock.
• The firm recently announced a quarterly dividend of $0.35 per share, with a projected annualized yield of 2.5% and a dividend payout ratio of 40.94%.

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have been given a consensus rating of "Hold" by the seventeen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $60.8667.

A number of equities research analysts have issued reports on CG shares. JMP Securities increased their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 14th. BMO Capital Markets started coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They set an "outperform" rating and a $74.00 price objective on the stock. Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Barclays reissued an "overweight" rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Carlyle Group in a report on Wednesday.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel owned 753,255 shares of the company's stock, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.30% of the company's stock.

Institutional Investors Weigh In On Carlyle Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Carlyle Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider's stock worth $1,270,586,000 after acquiring an additional 426,644 shares during the last quarter. State Street Corp increased its position in Carlyle Group by 4.8% in the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider's stock valued at $422,593,000 after acquiring an additional 378,455 shares during the period. Massachusetts Financial Services Co. MA increased its position in Carlyle Group by 4.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider's stock valued at $366,937,000 after acquiring an additional 311,300 shares during the period. Alkeon Capital Management LLC increased its position in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider's stock valued at $305,384,000 after acquiring an additional 700,000 shares during the period. Finally, Geode Capital Management LLC increased its position in Carlyle Group by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider's stock valued at $219,583,000 after acquiring an additional 228,484 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Trading Down 5.0%

Shares of Carlyle Group stock opened at $56.13 on Friday. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.23 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The firm's 50-day moving average price is $63.87 and its two-hundred day moving average price is $52.79.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. Carlyle Group's dividend payout ratio is 40.94%.

Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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