The Carlyle Group (NASDAQ:CG) PT Raised to $78.00 at Oppenheimer

The Carlyle Group (NASDAQ:CG - Free Report) had its price target lifted by Oppenheimer from $64.00 to $78.00 in a research note published on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider's stock.

Several other equities research analysts have also weighed in on the stock. TD Cowen increased their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. downgraded The Carlyle Group from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, August 6th. Morgan Stanley upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Redburn Atlantic began coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a "buy" rating and a $55.00 target price for the company. Finally, Wells Fargo & Company boosted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.27.

The Carlyle Group Stock Up 1.7 %

CG stock traded up $0.82 during trading on Wednesday, reaching $49.42. The stock had a trading volume of 2,021,722 shares, compared to its average volume of 2,297,197. The firm has a fifty day moving average price of $42.02 and a 200 day moving average price of $42.87. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $17.79 billion, a P/E ratio of -27.61, a PEG ratio of 1.25 and a beta of 1.73. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $50.92.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm's quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. On average, equities analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 2.83%. The Carlyle Group's dividend payout ratio is currently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 65,636 shares of the company's stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $34.12, for a total transaction of $2,239,500.32. Following the completion of the sale, the insider now owns 10,562,558 shares in the company, valued at approximately $360,394,478.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,609,335 shares of company stock worth $50,141,281 in the last 90 days. 27.20% of the stock is owned by insiders.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds have recently modified their holdings of the business. Tobam acquired a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 643 shares during the period. Rothschild Investment LLC bought a new position in The Carlyle Group during the second quarter worth about $50,000. GAMMA Investing LLC grew its stake in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 215 shares during the period. Finally, 1832 Asset Management L.P. bought a new position in shares of The Carlyle Group during the 1st quarter worth approximately $55,000. 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.