The Carlyle Group (NASDAQ:CG) Price Target Cut to $39.00 by Analysts at Wells Fargo & Company

The Carlyle Group (NASDAQ:CG - Free Report) had its price target lowered by Wells Fargo & Company from $48.00 to $39.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the financial services provider's stock.

Other equities research analysts have also recently issued reports about the company. 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 research report on Friday, January 3rd. Barclays cut their price objective on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. JMP Securities dropped their price objective on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup decreased their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, The Carlyle Group presently has an average rating of "Hold" and a consensus target price of $51.06.

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The Carlyle Group Stock Down 1.1 %

NASDAQ:CG traded down $0.40 during trading hours on Tuesday, reaching $36.23. The company's stock had a trading volume of 4,744,812 shares, compared to its average volume of 2,517,870. The Carlyle Group has a one year low of $33.02 and a one year high of $57.50. The business's 50-day moving average is $45.25 and its 200-day moving average is $49.22. 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 cap of $13.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. Equities research analysts predict that The Carlyle Group will post 4.48 EPS for the current year.

The Carlyle Group Announces Dividend

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

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC boosted its position in shares of The Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares during the period. Sterneck Capital Management LLC grew its position in shares of The Carlyle Group by 61.8% during the 1st quarter. Sterneck Capital Management LLC now owns 10,469 shares of the financial services provider's stock worth $456,000 after purchasing an additional 4,000 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of The Carlyle Group by 4,898.1% during the first quarter. GAMMA Investing LLC now owns 273,048 shares of the financial services provider's stock worth $11,902,000 after purchasing an additional 267,585 shares during the period. Wellington Management Group LLP raised its position in shares of The Carlyle Group by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider's stock valued at $437,000 after buying an additional 344 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in The Carlyle Group during the fourth quarter worth approximately $3,747,000. 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.