Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $42.00.
Several equities analysts recently issued reports on CG shares. Morgan Stanley increased their target price on The Carlyle Group from $34.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 24th. Citigroup upped their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, February 8th. Barclays upped their price target on The Carlyle Group from $55.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday. TheStreet downgraded The Carlyle Group from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. Finally, TD Cowen assumed coverage on The Carlyle Group in a report on Thursday, January 4th. They set a "market perform" rating and a $42.00 price target on the stock.
Read Our Latest Stock Analysis on CG
The Carlyle Group Trading Up 0.8 %
NASDAQ:CG traded up $0.38 during trading hours on Tuesday, hitting $47.85. The company had a trading volume of 1,127,267 shares, compared to its average volume of 2,344,411. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average of $45.29 and a 200 day moving average of $38.27. The company has a market cap of $17.33 billion, a P/E ratio of -28.31, a P/E/G ratio of 1.04 and a beta of 1.79. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The business had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the company posted $1.01 EPS. The company's quarterly revenue was down 15.4% on a year-over-year basis. Sell-side analysts expect that The Carlyle Group will post 3.9 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 2.93%. The Carlyle Group's dividend payout ratio is presently -82.84%.
Insider Buying and Selling
In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the company's stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares of the company's stock, valued at approximately $13,807,147.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its holdings in The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider's stock valued at $25,000 after buying an additional 453 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in The Carlyle Group in the first quarter valued at about $31,000. CVA Family Office LLC bought a new stake in The Carlyle Group in the fourth quarter valued at about $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the fourth quarter valued at about $38,000. Finally, UniSuper Management Pty Ltd bought a new stake in The Carlyle Group in the second quarter valued at about $45,000. Institutional investors and hedge funds own 55.88% of the company's stock.
About The Carlyle Group
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Get Free ReportThe 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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