The Carlyle Group Inc. (NASDAQ:CG) Given Consensus Recommendation of "Hold" by Brokerages

The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has earned a consensus rating of "Hold" from the seventeen analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $50.71.

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of The Carlyle Group from $51.00 to $52.00 and gave the company an "in-line" rating in a research report on Wednesday, February 12th. TD Cowen lowered their price target on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley decreased their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th.

The Carlyle Group Stock Up 5.2 %

NASDAQ CG traded up $1.90 during trading hours on Friday, hitting $38.49. The company had a trading volume of 484,170 shares, compared to its average volume of 2,586,011. The Carlyle Group has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. The firm's 50 day moving average is $42.77 and its 200 day moving average is $48.74. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Sell-side analysts anticipate that The Carlyle Group will post 4.48 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 Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, February 21st. The Carlyle Group's payout ratio is currently 50.36%.

Hedge Funds Weigh In On The Carlyle Group

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in The Carlyle Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock worth $1,169,420,000 after purchasing an additional 180,757 shares during the period. Capital World Investors boosted its stake in The Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock valued at $998,609,000 after buying an additional 50,784 shares in the last quarter. William Blair Investment Management LLC raised its stake in The Carlyle Group by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after acquiring an additional 1,773,465 shares in the last quarter. Boston Partners boosted its stake in shares of The Carlyle Group by 7.1% in the 4th quarter. Boston Partners now owns 7,102,085 shares of the financial services provider's stock valued at $358,687,000 after purchasing an additional 467,767 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of The Carlyle Group by 201.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock worth $320,684,000 after purchasing an additional 4,244,131 shares in the last quarter. Institutional investors and hedge funds 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.