TD Cowen Boosts The Carlyle Group (NASDAQ:CG) Price Target to $49.00

The Carlyle Group (NASDAQ:CG - Free Report) had its price objective increased by TD Cowen from $43.00 to $49.00 in a report issued on Friday morning,Benzinga reports. They currently have a hold rating on the financial services provider's stock.

A number of other analysts have also commented on CG. UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a research note 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 company an "equal weight" rating in a research note on Thursday, October 10th. Barclays lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Wells Fargo & Company increased their price target on The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Finally, Redburn Atlantic started coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a "buy" rating and a $55.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and a consensus target price of $52.87.

The Carlyle Group Stock Performance

Shares of CG stock traded down $0.02 during trading hours on Friday, reaching $52.33. 3,324,422 shares of the company's stock were exchanged, compared to its average volume of 2,332,326. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group has a 1 year low of $29.29 and a 1 year high of $54.52. The company has a market cap of $18.65 billion, a P/E ratio of -46.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70. The company's 50 day moving average is $45.37 and its two-hundred day moving average is $43.41.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm's revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that The Carlyle Group will post 3.71 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group's dividend payout ratio is presently -125.00%.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares of the company's stock, valued at approximately $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,676,014 shares of company stock valued at $3,687,196 over the last 90 days. 27.20% of the stock is owned by company insiders.

Institutional Trading of The Carlyle Group

Hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its stake in shares of The Carlyle Group by 43.8% in the 1st quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider's stock worth $399,000 after acquiring an additional 2,593 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of The Carlyle Group by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider's stock valued at $3,833,000 after buying an additional 1,193 shares during the period. Daiwa Securities Group Inc. boosted its stake in The Carlyle Group by 5.9% during the first quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider's stock valued at $679,000 after buying an additional 800 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in The Carlyle Group in the first quarter worth about $212,000. Finally, Empowered Funds LLC boosted its position in shares of The Carlyle Group by 12.6% during the 1st quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider's stock valued at $1,265,000 after purchasing an additional 3,015 shares in the last quarter. 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.