The Carlyle Group (NASDAQ:CG) Given New $55.00 Price Target at Barclays

The Carlyle Group (NASDAQ:CG - Free Report) had its price target lowered by Barclays from $60.00 to $55.00 in a report issued on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective 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. UBS Group raised their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. TD Cowen raised their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded shares of The Carlyle Group from a "hold" rating to a "sell" rating in a report on Sunday, December 8th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of "Hold" and a consensus price target of $54.93.

The Carlyle Group Stock Up 1.5 %

Shares of The Carlyle Group stock traded up $0.74 during trading on Wednesday, hitting $51.77. The company's stock had a trading volume of 3,989,413 shares, compared to its average volume of 1,799,539. The company has a market capitalization of $18.52 billion, a PE ratio of 178.52, a P/E/G ratio of 0.92 and a beta of 1.70. 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 Carlyle Group has a 52 week low of $36.65 and a 52 week high of $57.50. The company has a fifty day simple moving average of $52.68 and a two-hundred day simple moving average of $48.31.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released 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 2.21% and a return on equity of 24.91%. Equities research analysts predict that The Carlyle Group will post 3.73 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, February 21st. The Carlyle Group's dividend payout ratio (DPR) is presently 482.76%.

Institutional Investors Weigh In On The Carlyle Group

Several large investors have recently bought and sold shares of CG. Massachusetts Financial Services Co. MA increased its position in 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 valued at $320,684,000 after acquiring an additional 4,244,131 shares during the last quarter. William Blair Investment Management LLC increased its position 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 valued at $668,990,000 after acquiring an additional 1,773,465 shares during the last quarter. FMR LLC increased its position in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Raymond James Financial Inc. bought a new position in The Carlyle Group during the fourth quarter valued at $83,784,000. Finally, Norges Bank bought a new position in The Carlyle Group during the fourth quarter valued at $44,532,000. 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.