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

Key Points

• Analyst sentiment is neutral: Carlyle Group has an average “Hold” rating from 15 analysts, with seven buys, seven holds and one sell. The average 12-month price target is approximately $59.31, versus a recent price of $48.39.
• Institutional ownership increased significantly: Major investors including BlackRock, California State Teachers Retirement System, William Blair, Norges Bank and Legal & General acquired or expanded positions; institutions now own 55.88% of the stock.
• Quarterly results beat expectations, but revenue declined: Carlyle reported earnings of $1.07 per share versus the $0.91 consensus estimate and revenue of $1.11 billion, though revenue fell 28.6% year over year. The company also maintains a $0.35 quarterly dividend, yielding about 2.9%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has earned an average recommendation of "Hold" from the fifteen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.3077.

Several brokerages have recently issued reports on CG. Evercore set a $51.00 price target on shares of Carlyle Group in a report on Thursday, August 6th. Wall Street Zen raised Carlyle Group from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada decreased their price objective on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating for the company in a report on Monday, July 13th. BMO Capital Markets reiterated an "outperform" rating and set a $52.00 price target on shares of Carlyle Group in a research report on Monday, July 13th. Finally, Cfra lowered Carlyle Group to a "sell" rating and set a $45.00 price target on the stock. in a report on Friday, May 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Carlyle Group during the 2nd quarter valued at $1,346,848,000. California State Teachers Retirement System raised its position in Carlyle Group by 3,902.5% during the second quarter. California State Teachers Retirement System now owns 12,772,595 shares of the financial services provider's stock valued at $537,854,000 after buying an additional 12,453,476 shares during the period. William Blair Investment Management LLC purchased a new stake in Carlyle Group in the 2nd quarter worth about $249,077,000. Norges Bank purchased a new position in Carlyle Group during the 4th quarter valued at about $288,257,000. Finally, Legal & General Group Plc acquired a new stake in shares of Carlyle Group during the second quarter worth approximately $162,984,000. Institutional investors own 55.88% of the company's stock.

Carlyle Group Price Performance

CG opened at $48.39 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. Carlyle Group has a 1-year low of $39.60 and a 1-year high of $69.85. The company has a 50-day moving average of $46.14 and a 200-day moving average of $47.58. The company has a market capitalization of $17.24 billion, a P/E ratio of 50.41, a PEG ratio of 1.50 and a beta of 1.82.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same period in the previous year, the company earned $0.87 earnings per share. Carlyle Group's quarterly revenue was down 28.6% on a year-over-year basis. Equities analysts expect that Carlyle Group will post 3.69 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group's dividend payout ratio is presently 145.83%.

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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