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

Shares of Carlyle Group Inc. (NASDAQ:CG) have earned a consensus rating of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $59.3077.

CG has been the topic of a number of research reports. Cfra cut Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Weiss Ratings raised Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. TD Cowen reissued a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Barclays upped their price target on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th.

Carlyle Group Trading Up 6.5%

Carlyle Group stock opened at $51.41 on Friday. Carlyle Group has a 1 year low of $39.60 and a 1 year high of $69.85. The firm’s 50-day moving average is $45.20 and its 200-day moving average is $48.43. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.55 and a current ratio of 2.35. The company has a market cap of $18.32 billion, a P/E ratio of 53.55, a PEG ratio of 1.45 and a beta of 1.83.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company’s revenue for the quarter was down 28.6% compared to the same quarter last year. On average, equities analysts expect that Carlyle Group will post 3.68 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th will be paid a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio (DPR) is presently 145.83%.

Hedge Funds Weigh In On Carlyle Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Visionary Wealth Advisors acquired a new stake in Carlyle Group in the 2nd quarter valued at approximately $245,000. Cibc World Market Inc. acquired a new position in Carlyle Group during the 2nd quarter worth $472,000. Osmosis Investment Management UK Ltd acquired a new position in shares of Carlyle Group during the second quarter valued at $242,000. Sanctuary Advisors LLC bought a new stake in shares of Carlyle Group during the second quarter valued at about $1,561,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Carlyle Group in the second quarter worth about $274,000. 55.88% of the stock is owned by institutional investors.

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.