Carlyle Group Inc. (NASDAQ:CG) Given Consensus Rating of “Hold” by Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG) have earned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $60.7143.

Several research firms have recently weighed in on CG. BMO Capital Markets reissued an “outperform” rating and issued a $52.00 target price on shares of Carlyle Group in a report on Monday, July 13th. The Goldman Sachs Group dropped their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reduced their price objective on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Citizens Jmp cut their target price on shares of Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 6th.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $46.07 on Monday. The company has a fifty day simple moving average of $44.86 and a 200-day simple moving average of $50.62. Carlyle Group has a 12-month low of $39.60 and a 12-month high of $69.85. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.54 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. On average, equities analysts forecast that Carlyle Group will post 3.9 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s dividend payout ratio is presently 95.89%.

Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently added to or reduced their stakes in the stock. DMC Group LLC raised its stake in Carlyle Group by 2.5% during the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 168 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Carlyle Group by 32.3% during the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 176 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 184 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 196 shares during the period. Finally, Robertson Stephens Wealth Management LLC grew its position in Carlyle Group by 3.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock valued at $390,000 after buying an additional 199 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.