Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Carlyle Group Inc. has received a consensus rating of "Hold" from 17 research firms, with one sell recommendation, nine holds, and seven buys.
• The average 12-month price target for the stock is $60.87, with Barclays setting the highest target at $74.00.
• The company declared a quarterly dividend of $0.35 per share, resulting in an annualized yield of 2.5%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $60.8667.

A number of brokerages have weighed in on CG. Barclays reissued an "overweight" rating and issued a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlyle Group in a research note on Wednesday. Jefferies Financial Group upped their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. Evercore ISI upped their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th.

Insider Buying and Selling

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction that occurred on 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 sale, the general counsel directly owned 753,255 shares of the company's stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 26.30% of the company's stock.

Institutional Trading of Carlyle Group

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider's stock worth $1,270,586,000 after purchasing an additional 426,644 shares in the last quarter. State Street Corp lifted its position in shares of Carlyle Group by 4.8% in the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider's stock worth $422,593,000 after purchasing an additional 378,455 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Carlyle Group by 4.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider's stock worth $366,937,000 after purchasing an additional 311,300 shares in the last quarter. Alkeon Capital Management LLC lifted its position in shares of 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Carlyle Group by 5.6% in the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider's stock worth $219,583,000 after purchasing an additional 228,484 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $56.13 on Friday. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $20.30 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.23 and a beta of 2.00. The firm has a 50-day moving average of $63.87 and a two-hundred day moving average of $52.79.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Carlyle Group's dividend payout ratio is currently 40.94%.

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.

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