Carlyle Group Inc. (NASDAQ:CG) Stock Has Consensus Target Price of $54.60

Shares of Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have been given an average recommendation of "Hold" by the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $54.60.

CG has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and issued a $52.00 target price on shares of Carlyle Group in a research report on Monday, July 13th. Evercore set a $51.00 price target on shares of Carlyle Group in a research report on Thursday, August 6th. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 6th. UBS Group dropped their price objective on shares of Carlyle Group from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, October 13th. Finally, Royal Bank Of Canada lowered their target price on shares of Carlyle Group from $58.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, October 5th.

Carlyle Group Stock Performance

CG opened at $37.31 on Wednesday. The business has a fifty day simple moving average of $43.03 and a 200 day simple moving average of $45.24. The company has a market capitalization of $13.29 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.88. Carlyle Group has a 1 year low of $35.41 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The company's revenue for the quarter was down 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. Research analysts expect that Carlyle Group will post 3.56 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 17th. Carlyle Group's payout ratio is 145.83%.

Insider Transactions at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the sale, the director owned 26,899,644 shares of the company's stock, valued at $1,149,690,784.56. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carlyle Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CG. MassMutual Private Wealth & Trust FSB increased its position in shares of Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock worth $41,000 after purchasing an additional 258 shares during the period. Wedmont Private Capital raised its stake in Carlyle Group by 4.1% in the second quarter. Wedmont Private Capital now owns 7,433 shares of the financial services provider's stock valued at $332,000 after purchasing an additional 295 shares in the last quarter. Retirement Planning Co of New England Inc. grew its stake in Carlyle Group by 2.9% during the third quarter. Retirement Planning Co of New England Inc. now owns 11,287 shares of the financial services provider's stock worth $448,000 after buying an additional 316 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Carlyle Group by 1.8% during the first quarter. Arkadios Wealth Advisors now owns 18,621 shares of the financial services provider's stock worth $901,000 after buying an additional 332 shares in the last quarter. Finally, Compound Planning Inc. increased its holdings in Carlyle Group by 9.2% in the 1st quarter. Compound Planning Inc. now owns 4,730 shares of the financial services provider's stock valued at $229,000 after buying an additional 398 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle's investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.

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