Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Carlyle a consensus rating of Moderate Buy from 15 firms (8 buys, 7 holds) with an average 12‑month price target of $66.31.
• Carlyle's latest quarter reported EPS of $1.01, missing estimates by $0.03, while revenue surged 84.1% year‑over‑year to $1.90 billion; analysts project about $4.48 in EPS for the current fiscal year.
• The company pays a quarterly dividend of $0.35 (annualized $1.40, ~3.0% yield), and Director David Rubenstein sold 500,000 shares (~$23.34M), with insiders owning roughly 26.3% of the stock.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $66.3077.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Wolfe Research reaffirmed an "outperform" rating on shares of Carlyle Group in a report on Wednesday, January 7th. Wall Street Zen raised Carlyle Group from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Finally, BMO Capital Markets reduced their price objective on Carlyle Group from $65.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 24th.

Carlyle Group Price Performance

Shares of CG stock opened at $46.55 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The stock's fifty day simple moving average is $51.96 and its 200 day simple moving average is $56.67. Carlyle Group has a one year low of $33.02 and a one year high of $69.85. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 0.89 and a beta of 2.05.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm's revenue was up 84.1% compared to the same quarter last year. On average, analysts expect that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Carlyle Group's dividend payout ratio is currently 64.22%.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the business's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director directly owned 27,399,644 shares of the company's stock, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in 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. Bernard Wealth Management Corp. acquired a new stake in Carlyle Group in the fourth quarter worth about $30,000. Quarry LP bought a new stake in Carlyle Group during the 3rd quarter worth about $33,000. Finally, Motco acquired a new position in Carlyle Group during the 3rd quarter valued at about $40,000. Institutional investors own 55.88% of the company's stock.

Carlyle Group Company Profile

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.

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