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

Key Points

• Carlyle Group Inc. has received a consensus recommendation of "Hold" from 15 research firms, with one sell, eight hold, and six buy ratings.
• The average target price for the stock among analysts is $59.93, reflecting varying expectations for the company's performance in the market.
• Recent insider trading activity includes General Counsel Jeffrey W. Ferguson selling over 202,000 shares at an average price of $64.23, leading to a 21.20% decrease in his ownership stake.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has been assigned an average recommendation of "Hold" from the fifteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $59.9286.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Evercore ISI upped their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Barclays restated an "overweight" rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Finally, Citigroup restated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th.

Carlyle Group Trading Down 1.7%

Shares of CG traded down $1.18 during mid-day trading on Tuesday, reaching $68.17. The company's stock had a trading volume of 10,856,643 shares, compared to its average volume of 2,372,834. The stock has a market cap of $24.66 billion, a PE ratio of 19.93, a P/E/G ratio of 1.26 and a beta of 2.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The company's fifty day moving average price is $63.22 and its two-hundred day moving average price is $50.78.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Insider Activity

In related 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 directly owned 753,255 shares in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of CG. Norges Bank bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $150,122,000. Vanguard Group Inc. increased its position 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 worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Alkeon Capital Management LLC increased its position in Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider's stock worth $305,384,000 after purchasing an additional 700,000 shares during the last quarter. Azora Capital LP bought a new stake in Carlyle Group in the second quarter worth $30,791,000. Finally, Citigroup Inc. boosted its stake in Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider's stock worth $27,176,000 after buying an additional 516,761 shares during the period. Institutional investors own 55.88% of the company's stock.

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.