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

Key Points

• Carlyle has a consensus rating of "Moderate Buy" from 16 analysts with an average 12‑month target of $65.64, as brokerages are split (9 buy, 7 hold) and several firms have recently trimmed target prices.
• Director David M. Rubenstein sold 500,000 shares at an average $46.68 (≈$23.34M), reducing his stake by 1.79%; insiders collectively own 26.30% of the company.
• Most recent quarter showed an EPS of $1.01 (missed by $0.03) but revenue was up 84.1% to $1.90B; Carlyle pays a $0.35 quarterly dividend (≈2.9% yield) and the stock trades in a 12‑month range of $37.34–$69.85 with a $17.24B market cap.

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $65.6429.

Several research analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on Carlyle Group in a research report on Monday, February 23rd. They set an "outperform" rating and a $67.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Morgan Stanley lowered their target price on Carlyle Group from $71.00 to $66.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 21st. The Goldman Sachs Group lowered their target price on Carlyle Group from $81.00 to $69.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Finally, BMO Capital Markets lowered their target price on Carlyle Group from $65.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, March 24th.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the sale, the director directly owned 27,399,644 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 26.30% of the company's stock.

Institutional Trading of Carlyle Group

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider's stock valued at $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. Morgan Stanley increased its stake in shares of Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider's stock valued at $602,328,000 after acquiring an additional 84,228 shares in the last quarter. State Street Corp increased its stake in shares of Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider's stock valued at $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Carlyle Group by 1.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider's stock valued at $457,233,000 after acquiring an additional 117,223 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Carlyle Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider's stock valued at $294,817,000 after buying an additional 79,134 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $47.72 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group has a twelve month low of $37.34 and a twelve month high of $69.85. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.03 and a beta of 2.05. The business's fifty day moving average is $49.22 and its 200 day moving average is $54.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company's revenue was up 84.1% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. As a group, sell-side analysts expect that Carlyle Group will post 4.41 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Carlyle Group's dividend payout ratio is presently 64.22%.

About Carlyle Group

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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