The Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of "Hold" by Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have received an average rating of "Hold" from the fifteen research firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $53.33.

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. StockNews.com upgraded shares of The Carlyle Group from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. 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. Finally, Evercore ISI increased their price target 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.

The Carlyle Group Trading Up 0.2 %

Shares of CG traded up $0.09 during midday trading on Wednesday, hitting $51.23. 2,100,629 shares of the stock were exchanged, compared to its average volume of 2,346,897. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $18.32 billion, a P/E ratio of 176.34, a P/E/G ratio of 1.33 and a beta of 1.70. The Carlyle Group has a 52-week low of $31.79 and a 52-week high of $54.52. The stock has a fifty day simple moving average of $47.48 and a 200 day simple moving average of $43.81.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. On average, research analysts anticipate that The Carlyle Group will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Monday, November 18th. The Carlyle Group's dividend payout ratio is 482.76%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction 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 $7,796,514.34. This trade represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 over the last three months. Company insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors have recently modified their holdings of the business. Capital World Investors lifted its stake in The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider's stock valued at $940,687,000 after purchasing an additional 79,681 shares during the last quarter. Ariel Investments LLC grew its holdings in shares of The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock worth $198,250,000 after purchasing an additional 54,805 shares in the last quarter. FMR LLC increased its holdings in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after buying an additional 1,707,520 shares during the period. Capital International Investors bought a new stake in The Carlyle Group during the first quarter worth $142,511,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider's stock worth $109,524,000 after buying an additional 55,662 shares in the last quarter. 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.