Carlyle Group (NASDAQ:CG) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Carlyle Group (NASDAQ:CG) had its price objective lowered by JPMorgan Chase & Co. from $64.00 to $62.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on CG. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Royal Bank Of Canada dropped their price objective on Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, October 5th. Morgan Stanley set a $51.00 price objective on Carlyle Group in a report on Friday, October 16th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, November 2nd. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.21.

Carlyle Group Stock Down 1.4%

CG stock opened at $41.12 on Monday. The company has a current ratio of 0.76, a quick ratio of 2.35 and a debt-to-equity ratio of 2.23. The company’s 50-day moving average price is $40.26 and its 200 day moving average price is $46.45. Carlyle Group has a 52 week low of $35.41 and a 52 week high of $67.30. The company has a market cap of $14.55 billion, a P/E ratio of 43.75, a P/E/G ratio of 1.09 and a beta of 1.84.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.4%. Carlyle Group’s payout ratio is presently 148.94%.

Insider Activity

In other news, Director David Rubenstein sold 400,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the sale, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CG. Caz Investments LP purchased a new position in shares of Carlyle Group during the second quarter valued at approximately $4,464,000. Miller Value Partners LLC acquired a new stake in Carlyle Group during the second quarter worth approximately $1,684,000. United Capital Financial Advisors LLC purchased a new stake in Carlyle Group in the 2nd quarter worth approximately $1,206,000. William Blair Investment Management LLC purchased a new stake in Carlyle Group in the 2nd quarter worth approximately $249,077,000. Finally, Hsbc Holdings PLC raised its holdings in Carlyle Group by 33.5% in the 2nd quarter. Hsbc Holdings PLC now owns 283,206 shares of the financial services provider’s stock valued at $11,914,000 after acquiring an additional 71,039 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Carlyle Group

Investors following CG have been watching these headlines:

• Positive Sentiment: BMO Capital reaffirmed its buy rating, offering a constructive counterpoint to recent analyst caution. BMO Capital Reaffirms Their Buy Rating on Carlyle Group
• Neutral Sentiment: A financial-stocks article discusses dividends and buybacks alongside exposure to deal flow and market-driven fees—factors relevant to Carlyle’s shareholder returns and earnings variability. 4 Financial Stocks Rewarding Shareholders Two Ways
• Negative Sentiment: JPMorgan Chase cut its price target, adding to concerns about Carlyle’s near-term prospects; the report did not specify the revised target in the provided details. Carlyle Group Stock Price Target Cut by JPMorgan Chase

About Carlyle Group

The Carlyle Group Inc. is a global alternative asset manager that invests on behalf of institutional and individual clients. Its business includes private equity, credit and investment solutions, including portfolios of private equity funds and related investments. Founded in Washington, D.C., in 1987, Carlyle has grown into an international firm with investment activities and offices across North America, Europe and Asia, among other regions. Its strategies span a range of industries and markets, and it works with businesses at different stages of development.