Citigroup Has Lowered Expectations for The Carlyle Group (NASDAQ:CG) Stock Price

The Carlyle Group (NASDAQ:CG - Free Report) had its price objective reduced by Citigroup from $55.00 to $39.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

A number of other equities research analysts also recently issued reports on the stock. JMP Securities reduced their price target on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Evercore ISI raised their price target on 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. Wells Fargo & Company decreased their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 20th. Finally, StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and an average target price of $51.06.

Remove Ads

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.40 during trading hours on Tuesday, reaching $36.23. 4,744,812 shares of the company's stock were exchanged, compared to its average volume of 2,517,870. 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 Carlyle Group has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a market cap of $13.09 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company's 50 day moving average is $45.25 and its two-hundred day moving average is $49.22.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS 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%. Equities research analysts anticipate that The Carlyle Group will post 4.48 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.35 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.86%. The Carlyle Group's payout ratio is 50.36%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CG. Vanguard Group Inc. lifted its position in The Carlyle Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock valued at $1,169,420,000 after buying an additional 180,757 shares in the last quarter. Capital World Investors lifted its holdings in shares of The Carlyle Group by 0.3% during 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 acquiring an additional 50,784 shares in the last quarter. William Blair Investment Management LLC boosted its position in The Carlyle Group by 15.5% during the 4th quarter. William Blair Investment Management LLC now owns 13,249,941 shares of the financial services provider's stock worth $668,990,000 after purchasing an additional 1,773,465 shares during the period. Boston Partners increased its holdings in 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 lifted its stake in shares of The Carlyle Group by 201.4% during the fourth 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. 55.88% of the stock is owned by hedge funds and other institutional investors.

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.