Carlyle Group Inc. (NASDAQ:CG) Stock Has Consensus Target Price of $50.21 According to Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Carlyle Group, based on 17 ratings: seven buys, nine holds, and one sell. The average 12-month price target is $50.21.
• Several analysts recently lowered their price targets, including TD Cowen ($54 to $42), BMO Capital Markets ($56 to $46), and Piper Sandler ($54 to $48); the stock recently traded at $39.77.
• Carlyle declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 3.5% yield. Director David Rubenstein also sold 400,000 shares, reducing his position by 1.47%.

Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has received an average recommendation of "Hold" from the seventeen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $50.21.

Several analysts have weighed in on CG shares. Evercore set a $42.00 price objective on Carlyle Group in a report on Friday, November 6th. TD Cowen reduced their target price on shares of Carlyle Group from $54.00 to $42.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. Weiss Ratings cut shares of Carlyle Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, November 2nd. BMO Capital Markets dropped their price target on shares of Carlyle Group from $56.00 to $46.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Finally, Piper Sandler reduced their price objective on shares of Carlyle Group from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th.

Insider Activity

In other news, Director David Rubenstein sold 400,000 shares of the firm's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the transaction, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

Several hedge funds have recently added to or reduced their stakes in CG. Jump Financial LLC increased its stake in Carlyle Group by 40.9% in the third quarter. Jump Financial LLC now owns 390,616 shares of the financial services provider's stock valued at $15,492,000 after purchasing an additional 113,322 shares in the last quarter. Empowered Funds LLC raised its holdings in Carlyle Group by 3.2% in the third quarter. Empowered Funds LLC now owns 13,634 shares of the financial services provider's stock worth $541,000 after purchasing an additional 426 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Carlyle Group by 10.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 20,174 shares of the financial services provider's stock worth $800,000 after purchasing an additional 1,933 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Carlyle Group by 11.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 170,215 shares of the financial services provider's stock valued at $6,751,000 after buying an additional 17,748 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in shares of Carlyle Group by 4.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 37,439 shares of the financial services provider's stock valued at $1,485,000 after buying an additional 1,452 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Price Performance

NASDAQ:CG traded up $0.41 during mid-day trading on Friday, reaching $39.77. 2,679,383 shares of the company were exchanged, compared to its average volume of 3,280,800. The company has a quick ratio of 2.35, a current ratio of 2.57 and a debt-to-equity ratio of 2.23. The stock has a market cap of $14.08 billion, a PE ratio of 42.31, a PEG ratio of 1.03 and a beta of 1.84. Carlyle Group has a 12 month low of $35.41 and a 12 month high of $67.30. The company has a fifty day moving average of $39.95 and a 200 day moving average of $46.24.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.5%. Carlyle Group's dividend payout ratio is 148.94%.

About Carlyle Group

The Carlyle Group Inc. is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments. Founded in Washington, D.C., in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.

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