Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for The Carlyle Group (NASDAQ:CG) Stock

The Carlyle Group (NASDAQ:CG - Free Report) had its target price hoisted by Keefe, Bruyette & Woods from $51.00 to $55.00 in a research note issued to investors on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Other analysts also recently issued reports about the company. UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Evercore ISI upped their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an "in-line" rating in a research note on Monday, October 14th. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a "buy" rating and a $55.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, Oppenheimer upped their target price on The Carlyle Group from $64.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $52.87.

The Carlyle Group Trading Down 0.0 %

The Carlyle Group stock traded down $0.02 during trading hours on Friday, hitting $52.33. The stock had a trading volume of 3,324,422 shares, compared to its average volume of 2,332,326. The business's 50 day simple moving average is $45.37 and its 200-day simple moving average is $43.41. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of -46.32, a P/E/G ratio of 1.25 and a beta of 1.70. The Carlyle Group has a one year low of $29.29 and a one year high of $54.52. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $895.00 million for the quarter, compared to analysts' expectations of $908.17 million. During the same period in the prior year, the business earned $0.87 EPS. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts predict that The Carlyle Group will post 3.71 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

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

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company's stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 1,676,014 shares of company stock valued at $3,687,196. Corporate insiders own 27.20% of the company's stock.

Institutional Trading of The Carlyle Group

A number of large investors have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in shares of The Carlyle Group by 43.8% in the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider's stock worth $399,000 after buying an additional 2,593 shares during the period. Janney Montgomery Scott LLC grew its holdings in The Carlyle Group by 1.5% during the 1st 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 in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of The Carlyle Group by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider's stock worth $679,000 after buying an additional 800 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of The Carlyle Group during the first quarter worth $212,000. Finally, Empowered Funds LLC increased its holdings in The Carlyle Group by 12.6% in the 1st quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider's stock valued at $1,265,000 after acquiring an additional 3,015 shares during the last quarter. 55.88% of the stock is currently owned by 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.