Wells Fargo & Company Issues Positive Forecast for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG - Free Report) had its target price boosted by Wells Fargo & Company from $45.00 to $49.00 in a research report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider's stock.

CG has been the subject of a number of other research reports. Wall Street Zen cut The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. JMP Securities decreased their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their target price on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Barclays lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $53.00.

The Carlyle Group Stock Down 0.8%

NASDAQ CG traded down $0.39 during trading on Friday, hitting $45.75. The company's stock had a trading volume of 1,591,093 shares, compared to its average volume of 2,650,267. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $16.52 billion, a PE ratio of 16.46, a P/E/G ratio of 0.98 and a beta of 1.85. The business's 50 day simple moving average is $41.13 and its 200-day simple moving average is $47.57. The Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $57.50.

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

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. The Carlyle Group's payout ratio is 47.46%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CG. Strs Ohio acquired a new position in shares of The Carlyle Group during the 1st quarter worth about $1,263,000. Geneos Wealth Management Inc. raised its holdings in shares of The Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Blue Rock Wealth Management LLC acquired a new position in The Carlyle Group in the 1st quarter valued at $262,000. Focus Partners Wealth raised its stake in The Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 1,169 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Carlyle Group by 37.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider's stock valued at $69,945,000 after purchasing an additional 441,276 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

About The Carlyle Group

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.