Evercore ISI Issues Positive Forecast for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG - Free Report) had its target price upped by Evercore ISI from $51.00 to $52.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an in-line rating on the financial services provider's stock.

A number of other equities analysts have also issued reports on CG. Wells Fargo & Company boosted their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. UBS Group boosted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Wolfe Research raised 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 report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, November 8th. Finally, Oppenheimer boosted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $54.93.

The Carlyle Group Stock Up 1.5 %

NASDAQ CG traded up $0.74 during trading on Wednesday, reaching $51.77. The company's stock had a trading volume of 3,989,413 shares, compared to its average volume of 1,799,539. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $18.52 billion, a PE ratio of 178.52, a PEG ratio of 0.92 and a beta of 1.70. The business has a 50-day moving average price of $52.68 and a 200-day moving average price of $48.31. The Carlyle Group has a 1-year low of $36.65 and a 1-year high of $57.50.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. On average, research analysts forecast that The Carlyle Group will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a $0.35 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. The Carlyle Group's dividend payout ratio (DPR) is presently 482.76%.

Institutional Trading of The Carlyle Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in The Carlyle Group during the 4th quarter worth approximately $25,000. National Pension Service bought a new stake in The Carlyle Group during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. grew its stake in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock worth $29,000 after acquiring an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $33,000. 55.88% of the stock is owned by institutional investors.

About The Carlyle Group

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.