The Carlyle Group (NASDAQ:CG) Price Target Raised to $54.00

The Carlyle Group (NASDAQ:CG - Free Report) had its price objective upped by UBS Group from $43.00 to $54.00 in a report released on Tuesday, Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

CG has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. TD Cowen raised their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. Barclays upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Evercore ISI boosted their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an "in-line" rating in a research note on Monday, October 14th. Finally, Oppenheimer lifted their price target on The Carlyle Group from $64.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Carlyle Group has a consensus rating of "Hold" and an average price target of $50.93.

The Carlyle Group Stock Performance

Shares of CG stock traded down $1.58 on Tuesday, hitting $49.75. 1,909,251 shares of the stock were exchanged, compared to its average volume of 2,336,604. The Carlyle Group has a one year low of $27.13 and a one year high of $52.73. The firm's 50 day moving average is $42.76 and its two-hundred day moving average is $42.95. The firm has a market capitalization of $17.90 billion, a PE ratio of -27.79, a P/E/G ratio of 1.25 and a beta of 1.73. 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 Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business's quarterly revenue was up 131.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Sell-side analysts expect that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid 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 dividend yield of 2.81%. The Carlyle Group's dividend payout ratio is currently -78.21%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now directly owns 2,405,461 shares of the company's stock, valued at approximately $5,292,014.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 2,683,458 shares of company stock valued at $43,731,421 in the last quarter. 27.20% of the stock is owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently bought and sold shares of CG. Tobam purchased a new position in shares of The Carlyle Group in the 2nd quarter worth $27,000. Blue Trust Inc. increased its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $54,000 after purchasing an additional 215 shares during the period. 1832 Asset Management L.P. bought a new stake in The Carlyle Group during the first quarter valued at approximately $55,000. Finally, Rothschild Investment LLC purchased a new stake in The Carlyle Group during the second quarter valued at approximately $50,000. Institutional investors own 55.88% of the company's stock.

The Carlyle Group Company Profile

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.