Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) hit a new 52-week high on Thursday after Wells Fargo & Company raised their price target on the stock from $49.00 to $61.00. Wells Fargo & Company currently has an equal weight rating on the stock. Carlyle Group traded as high as $58.55 and last traded at $58.30, with a volume of 886279 shares trading hands. The stock had previously closed at $56.87.
Other equities research analysts have also issued research reports about the company. Barclays lifted their price target on Carlyle Group from $49.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Bank of America dropped their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Finally, Evercore ISI lifted their price target on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.93.
Check Out Our Latest Research Report on CG
Hedge Funds Weigh In On Carlyle Group
Institutional investors have recently bought and sold shares of the stock. Main Street Group LTD purchased a new position in shares of Carlyle Group during the fourth quarter valued at about $29,000. Whipplewood Advisors LLC grew its position in shares of Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Carlyle Group during the fourth quarter valued at about $32,000. Private Trust Co. NA grew its position in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. 55.88% of the stock is owned by institutional investors.
Carlyle Group Trading Down 0.3%
The stock has a market cap of $21.07 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.21 and a beta of 1.86. The stock has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $46.96. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36.
Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $1.01 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.
Carlyle Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, May 19th. Carlyle Group's dividend payout ratio is presently 47.46%.
About Carlyle Group
(
Get Free Report)
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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