Carlyle Group Inc. (NASDAQ:CG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $66.4286.

CG has been the topic of a number of recent research reports. Evercore upped their price target on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. TD Cowen upped their price target on Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Barclays dropped their price target on Carlyle Group from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, 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 report on Tuesday.

Insider Transactions at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the sale, the director owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

A number of institutional investors have recently added to or reduced their stakes in CG. Norges Bank purchased a new stake in Carlyle Group during the 4th quarter worth about $288,257,000. State Street Corp lifted its holdings in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Carlyle Group in the 3rd quarter valued at about $75,612,000. Vanguard Group Inc. raised its holdings in shares of Carlyle Group by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock valued at $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. Finally, Algebris UK Ltd. purchased a new stake in shares of Carlyle Group in the 4th quarter valued at about $50,459,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Up 2.5%

Shares of NASDAQ:CG opened at $48.18 on Friday. The company has a market capitalization of $17.40 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.89 and a beta of 2.05. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The business has a fifty day moving average price of $51.16 and a two-hundred day moving average price of $56.16. Carlyle Group has a 1 year low of $33.59 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 84.1% on a year-over-year basis. Analysts forecast that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Carlyle Group’s dividend payout ratio is 64.22%.

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.