The Carlyle Group (NASDAQ:CG) Price Target Cut to $47.00 by Analysts at Barclays

The Carlyle Group (NASDAQ:CG) had its price objective trimmed by Barclays from $56.00 to $47.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group cut their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a buy rating on the stock in a report on Thursday. TD Cowen cut their target price on The Carlyle Group from $49.00 to $45.00 and set a hold rating on the stock in a research note on Thursday. Citigroup increased their price target on The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research report on Thursday, February 8th. JMP Securities upped their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a market outperform rating in a research note on Thursday, February 8th. Finally, UBS Group lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of NASDAQ:CG traded up $0.48 during trading on Thursday, reaching $41.06. 2,767,766 shares of the stock were exchanged, compared to its average volume of 2,097,171. The stock has a fifty day moving average of $45.75 and a two-hundred day moving average of $40.02. The Carlyle Group has a 1-year low of $25.20 and a 1-year high of $48.52. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same period last year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Research analysts anticipate that The Carlyle Group will post 3.98 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was purchased at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 27.20% of the stock is currently owned by insiders.

Institutional Trading of The Carlyle Group

Several hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new position in shares of The Carlyle Group during the 4th quarter worth approximately $1,349,000. Mutual of America Capital Management LLC purchased a new position in The Carlyle Group during the fourth quarter valued at $5,410,000. SG Americas Securities LLC grew its position in shares of The Carlyle Group by 347.1% in the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock worth $4,556,000 after buying an additional 86,914 shares during the period. Pacer Advisors Inc. purchased a new position in The Carlyle Group during the 4th quarter valued at about $1,324,000. Finally, Xponance Inc. boosted its stake in The Carlyle Group by 245.8% during the fourth quarter. Xponance Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 18,722 shares in the last quarter. 55.88% of the stock is 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.