Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of "Hold" by Brokerages

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.00.

A number of equities research analysts have recently commented on the stock. JMP Securities lowered their price target on shares of Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their target price on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a research report on Wednesday, May 14th. Oppenheimer lowered shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Citigroup decreased their target price on shares of Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

Carlyle Group Stock Performance

NASDAQ CG traded up $1.14 during trading hours on Thursday, hitting $55.59. 1,753,929 shares of the stock were exchanged, compared to its average volume of 2,647,164. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average of $45.35 and a 200 day moving average of $46.72. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $57.50. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.86.

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

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's dividend payout ratio is currently 47.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Korea Investment CORP lifted its holdings in shares of Carlyle Group by 28.6% in the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after purchasing an additional 36,873 shares during the last quarter. Invesco Ltd. increased its position in Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock worth $32,856,000 after buying an additional 57,606 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock valued at $70,999,000 after acquiring an additional 14,024 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Carlyle Group in the 4th quarter worth about $425,000. Finally, Allstate Corp bought a new stake in Carlyle Group in the 4th quarter valued at about $338,000. 55.88% of the stock is owned by institutional investors and hedge funds.

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.