Carlyle Group (NASDAQ:CG - Free Report) had its price target raised by Evercore ISI from $45.00 to $58.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an in-line rating on the financial services provider's stock.
CG has been the subject of several other reports. Morgan Stanley dropped their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. JMP Securities decreased their price target on shares of Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Finally, Oppenheimer lowered shares of Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Two equities research 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.93.
Read Our Latest Report on Carlyle Group
Carlyle Group Stock Down 0.3%
Shares of CG stock traded down $0.15 on Thursday, hitting $58.35. The stock had a trading volume of 2,296,456 shares, compared to its average volume of 2,672,450. The business has a 50 day moving average of $47.41 and a 200 day moving average of $46.96. The stock has a market cap of $21.07 billion, a price-to-earnings ratio of 19.78, 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. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $58.84.
Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. During the same quarter 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. As a group, analysts expect that Carlyle Group will post 4.48 EPS for the current year.
Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.40%. Carlyle Group's dividend payout ratio is currently 47.46%.
Institutional Trading of Carlyle Group
A number of large investors have recently made changes to their positions in CG. Bank Pictet & Cie Europe AG bought a new stake in Carlyle Group during the fourth quarter valued at approximately $215,000. Jones Financial Companies Lllp grew its position in Carlyle Group by 2,469.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,569 shares of the financial services provider's stock valued at $130,000 after buying an additional 2,469 shares during the period. Victory Capital Management Inc. grew its position in Carlyle Group by 88.6% during the fourth quarter. Victory Capital Management Inc. now owns 75,420 shares of the financial services provider's stock valued at $3,808,000 after buying an additional 35,437 shares during the period. Atria Investments Inc grew its position in Carlyle Group by 5.3% during the fourth quarter. Atria Investments Inc now owns 20,923 shares of the financial services provider's stock valued at $1,056,000 after buying an additional 1,062 shares during the period. Finally, M&T Bank Corp lifted its holdings in Carlyle Group by 17.9% during the fourth quarter. M&T Bank Corp now owns 6,103 shares of the financial services provider's stock valued at $308,000 after purchasing an additional 928 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.
About Carlyle Group
(
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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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