The Carlyle Group Inc. (NASDAQ:CG) Receives $51.07 Average Target Price from Analysts

The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has been assigned an average rating of "Hold" from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $52.33.

Several research analysts recently issued reports on CG shares. Evercore ISI raised their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. JMP Securities reduced their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer lowered shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. TD Cowen upgraded shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th.

Institutional Investors Weigh In On The Carlyle Group

A number of institutional investors and hedge funds have recently made changes to their positions in CG. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of The Carlyle Group by 3.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 215 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of The Carlyle Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,239 shares of the financial services provider's stock worth $3,395,000 after buying an additional 220 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of The Carlyle Group by 0.3% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider's stock valued at $4,081,000 after acquiring an additional 225 shares during the last quarter. Aviva PLC grew its stake in The Carlyle Group by 1.3% in the 4th quarter. Aviva PLC now owns 17,408 shares of the financial services provider's stock valued at $879,000 after purchasing an additional 227 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of The Carlyle Group by 28.6% during the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Trading Up 0.3%

The Carlyle Group stock traded up $0.14 during trading hours on Wednesday, hitting $47.21. The stock had a trading volume of 573,173 shares, compared to its average volume of 2,627,910. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 16.96, a P/E/G 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 business's 50 day simple moving average is $40.74 and its 200-day simple moving average is $47.83. The Carlyle Group has a one year low of $33.02 and a one year high of $57.50.

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

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, May 19th. The Carlyle Group's dividend payout ratio is currently 47.46%.

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.