Carlyle Group Inc. (NASDAQ:CG) Receives $53.00 Average PT from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have earned an average recommendation of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $53.00.

A number of analysts have weighed in on the stock. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Bank of America reduced their price target on shares of Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Morgan Stanley dropped their price objective on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a report on Wednesday, May 14th. Finally, JMP Securities dropped their price target on Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th.

Carlyle Group Stock Up 2.1%

Shares of CG traded up $1.14 during midday trading on Thursday, reaching $55.59. The stock had a trading volume of 1,753,929 shares, compared to its average volume of 2,660,899. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The company's fifty day simple moving average is $46.01 and its two-hundred day simple moving average is $46.75. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.20 and a beta of 1.86. Carlyle Group has a 1-year low of $33.02 and a 1-year high of $57.50.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same period in the previous year, the business earned $1.01 EPS. Carlyle Group's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 2.52%. Carlyle Group's payout ratio is currently 47.46%.

Institutional Trading of Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after buying an additional 1,131,514 shares in the last quarter. Capital World Investors grew its holdings in shares of Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock worth $998,609,000 after acquiring an additional 50,784 shares during the period. William Blair Investment Management LLC raised its holdings in Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after purchasing an additional 1,773,465 shares during the last quarter. Boston Partners boosted its position in Carlyle Group by 7.1% during the fourth quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock worth $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Carlyle Group by 7.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock valued at $297,613,000 after buying an additional 476,127 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

About Carlyle Group

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.