Carlyle Group (NASDAQ:CG) Reaches New 1-Year High After Analyst Upgrade

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) hit a new 52-week high on Thursday after Barclays raised their price target on the stock from $49.00 to $64.00. Barclays currently has an overweight rating on the stock. Carlyle Group traded as high as $58.55 and last traded at $58.30, with a volume of 886279 shares changing hands. The stock had previously closed at $56.87.

CG has been the topic of a number of other reports. TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research report on Wednesday, May 14th. Morgan Stanley reduced their price objective on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Oppenheimer downgraded Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Evercore ISI raised 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 report on Thursday. Finally, Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Carlyle Group has an average rating of "Hold" and an average price target of $56.13.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wedmont Private Capital raised its stake in Carlyle Group by 3.5% during the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider's stock worth $332,000 after acquiring an additional 196 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Carlyle Group by 3.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock valued at $277,000 after buying an additional 215 shares in the last quarter. Aviva PLC increased its stake in shares of Carlyle Group by 1.3% in the fourth quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after buying an additional 227 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock valued at $46,000 after buying an additional 236 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Carlyle Group by 0.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 46,607 shares of the financial services provider's stock valued at $2,353,000 after buying an additional 258 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.21 and a beta of 1.86. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a 50 day moving average price of $47.41 and a two-hundred day moving average price of $46.96.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same period last year, the company posted $1.01 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared 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 2.39%. The ex-dividend date of this dividend was Monday, May 19th. Carlyle Group's dividend payout ratio is 47.46%.

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.