The Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.25.

Several equities research analysts recently weighed in on CG shares. UBS Group boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock a "neutral" rating in a research report on Friday, April 12th. TD Cowen dropped their price target on The Carlyle Group from $49.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday. Oppenheimer lowered their price objective on The Carlyle Group from $74.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday. TheStreet downgraded The Carlyle Group from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, February 8th.

The Carlyle Group Price Performance

Shares of NASDAQ CG traded up $0.48 during midday trading on Friday, reaching $41.06. The stock had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The stock has a 50-day moving average of $45.75 and a 200-day moving average of $40.02. The Carlyle Group has a 12-month low of $25.20 and a 12-month high of $48.52.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter last year, the company earned $0.63 EPS. The firm's quarterly revenue was up 35.6% on a year-over-year basis. As a group, research analysts anticipate that The Carlyle Group will post 3.98 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.40 annualized dividend and a yield of 3.41%. The Carlyle Group's dividend payout ratio (DPR) is presently -78.21%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, 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 SEC, which is accessible through this hyperlink. Company insiders own 27.20% of the company's stock.

Institutional Investors Weigh In On The Carlyle Group

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider's stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares during the period. William Blair Investment Management LLC increased its stake in shares of The Carlyle Group by 65.9% during the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider's stock worth $267,743,000 after purchasing an additional 3,524,794 shares in the last quarter. Ariel Investments LLC raised its position in shares of The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider's stock worth $191,954,000 after purchasing an additional 918,114 shares during the last quarter. Norges Bank purchased a new position in The Carlyle Group in the 4th quarter valued at about $130,771,000. Finally, Goldman Sachs Group Inc. increased its stake in The Carlyle Group by 194.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider's stock worth $105,540,000 after buying an additional 1,712,133 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Company Profile

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.