The Carlyle Group (NASDAQ:CG - Free Report) had its target price decreased by Bank of America from $47.00 to $46.00 in a research note published on Friday,Benzinga reports. Bank of America currently has an underperform rating on the financial services provider's stock.
Other equities research analysts have also issued research reports about the company. Evercore ISI boosted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Barclays dropped their price target on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $51.06.
Check Out Our Latest Research Report on CG
The Carlyle Group Price Performance
Shares of CG traded up $2.41 during mid-day trading on Friday, hitting $37.83. The company's stock had a trading volume of 2,930,927 shares, compared to its average volume of 2,460,393. The firm has a 50-day simple moving average of $46.58 and a 200 day simple moving average of $49.40. The Carlyle Group has a 1-year low of $33.02 and a 1-year high of $57.50. The firm has a market capitalization of $13.66 billion, a P/E ratio of 13.68, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Analysts predict that The Carlyle Group will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group's dividend payout ratio is presently 50.36%.
Institutional Investors Weigh In On The Carlyle Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Korea Investment CORP increased its holdings in The Carlyle Group by 28.6% in the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after buying an additional 36,873 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after purchasing an additional 777,304 shares during the period. Sargent Investment Group LLC lifted its position in shares of The Carlyle Group by 6.5% in the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock worth $15,283,000 after buying an additional 18,537 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in The Carlyle Group during the fourth quarter worth about $17,671,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in The Carlyle Group by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock worth $70,999,000 after acquiring an additional 14,024 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
The Carlyle Group Company Profile
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Get Free Report)
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.
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