The Carlyle Group Inc. (NASDAQ:CG) Given Average Recommendation of "Hold" by Brokerages

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have been given a consensus recommendation of "Hold" by the sixteen brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $53.00.

CG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Wall Street Zen lowered shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Bank of America decreased their target price on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research report on Friday, April 4th. Citigroup reduced their price objective on The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company upped their target price on The Carlyle Group from $45.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd.

The Carlyle Group Price Performance

Shares of CG opened at $46.28 on Friday. The company has a 50 day moving average of $41.21 and a two-hundred day moving average of $47.23. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group has a twelve month low of $33.02 and a twelve month high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same period in the prior year, the company posted $1.01 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, May 19th. The Carlyle Group's payout ratio is 47.46%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $25,000. National Pension Service acquired a new stake in The Carlyle Group during the fourth quarter worth $25,000. Whipplewood Advisors LLC raised its position in The Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares during the period. Private Trust Co. NA grew its holdings in shares of The Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of The Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after purchasing an additional 574 shares during 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.

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