The Carlyle Group (NASDAQ:CG - Free Report) had its price target lowered by Wells Fargo & Company from $54.00 to $48.00 in a research note released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the financial services provider's stock.
CG has been the subject of a number of other research reports. Oppenheimer lowered The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Barclays reduced their price objective on The Carlyle Group from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Evercore ISI boosted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. StockNews.com cut shares of The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded shares of 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, The Carlyle Group currently has a consensus rating of "Hold" and an average price target of $54.53.
View Our Latest Analysis on The Carlyle Group
The Carlyle Group Trading Up 4.8 %
Shares of CG traded up $2.11 during trading hours on Thursday, hitting $46.24. The stock had a trading volume of 2,716,987 shares, compared to its average volume of 2,312,306. The Carlyle Group has a 12-month low of $36.65 and a 12-month high of $57.50. The company's fifty day simple moving average is $50.05 and its 200 day simple moving average is $49.31. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $16.70 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.98 and a beta of 1.73.
The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 24.02% and a net margin of 18.81%. Equities research analysts forecast that The Carlyle Group will post 4.48 EPS for the current fiscal year.
The Carlyle Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.40 dividend on an annualized basis and a yield of 3.03%. The Carlyle Group's payout ratio is presently 50.36%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CG. Wellington Management Group LLP raised its stake in The Carlyle Group by 4.1% during the 4th quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider's stock valued at $437,000 after purchasing an additional 344 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of The Carlyle Group during the fourth quarter valued at about $3,747,000. Siemens Fonds Invest GmbH acquired a new stake in The Carlyle Group during the fourth quarter worth about $90,000. American Trust lifted its position in shares of The Carlyle Group by 6.8% in the 4th quarter. American Trust now owns 5,320 shares of the financial services provider's stock worth $269,000 after acquiring an additional 340 shares during the period. Finally, Forum Financial Management LP acquired a new position in shares of The Carlyle Group in the fourth quarter valued at $330,000. 55.88% of the stock is owned by institutional investors.
About The Carlyle Group
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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.
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