Analysts Set The Carlyle Group Inc. (NASDAQ:CG) Target Price at $54.38

Shares of The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) have earned a consensus rating of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $54.38.

Several brokerages have recently commented on CG. JPMorgan Chase & Co. raised their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. StockNews.com cut The Carlyle Group from a "hold" rating to a "sell" rating in a report on Sunday, December 8th. UBS Group raised their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective 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. Finally, Evercore ISI raised their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an "in-line" rating in a report on Monday, October 14th.

The Carlyle Group Stock Performance

NASDAQ CG traded up $0.76 during trading on Thursday, reaching $52.31. 1,603,969 shares of the company's stock were exchanged, compared to its average volume of 1,996,274. The Carlyle Group has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. The stock has a market capitalization of $18.71 billion, a P/E ratio of 180.38, a PEG ratio of 1.45 and a beta of 1.69. The business has a 50 day moving average price of $51.84 and a 200-day moving average price of $46.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

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

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.68%. The ex-dividend date was Monday, November 18th. The Carlyle Group's payout ratio is currently 482.76%.

Insider Activity

In other news, Director Daniel A. D'aniello sold 495,542 shares of the company's stock in a transaction on 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 completion of the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 250,000 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00. Following the completion of the sale, the insider now directly owns 2,905,461 shares of the company's stock, valued at $6,479,178.03. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,113,447 shares of company stock worth $26,908,674 over the last three months. 27.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the third quarter valued at approximately $33,000. Tobam lifted its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider's stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock worth $73,000 after acquiring an additional 1,600 shares during the period. Blue Trust Inc. raised its stake in shares of The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider's stock valued at $77,000 after purchasing an additional 1,139 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in The Carlyle Group during the 2nd quarter worth about $126,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

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.