Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have earned an average recommendation of "Hold" from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $54.00.
A number of brokerages have recently commented on CG. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a "buy" rating and a $55.00 price target for the company. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research report on Sunday, December 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd.
Read Our Latest Stock Analysis on CG
The Carlyle Group Stock Performance
Shares of CG traded down $0.43 during midday trading on Friday, reaching $52.64. 1,261,164 shares of the stock were exchanged, compared to its average volume of 2,351,968. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock's 50 day simple moving average is $51.21 and its 200 day simple moving average is $45.07. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $55.11. The company has a market cap of $18.83 billion, a P/E ratio of 181.52, a PEG ratio of 1.45 and a beta of 1.69.
The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. On average, sell-side analysts expect that The Carlyle Group will post 3.77 earnings per share for the current year.
The Carlyle Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. The Carlyle Group's dividend payout ratio is presently 482.76%.
Insider Activity at The Carlyle Group
In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel A. D'aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,171,556 shares of company stock worth $29,222,475. 27.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Tobam purchased a new stake in The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. boosted its stake in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after acquiring an additional 643 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the third quarter valued at approximately $33,000. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group in the 2nd quarter worth approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock worth $73,000 after buying an additional 1,600 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.
The Carlyle Group Company Profile
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Get Free ReportThe 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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