The Carlyle Group’s (CG) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of The Carlyle Group (NASDAQ:CG) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $48.00 target price on the financial services provider’s stock, down from their previous target price of $50.00.

Several other research analysts also recently issued reports on CG. TD Cowen began coverage on shares of The Carlyle Group in a report on Thursday, January 4th. They set a market perform rating and a $42.00 price objective on the stock. TheStreet lowered shares of The Carlyle Group from a b- rating to a c rating in a research note on Wednesday, February 7th. Barclays boosted their target price on The Carlyle Group from $55.00 to $56.00 and gave the stock an overweight rating in a research report on Monday, April 8th. UBS Group boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company a neutral rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $39.00 to $45.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $44.25.

The Carlyle Group Price Performance

NASDAQ CG traded up $0.48 on Thursday, reaching $41.06. 2,767,766 shares of the stock traded hands, compared to its average volume of 2,097,171. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77. The Carlyle Group has a 12 month low of $25.20 and a 12 month high of $48.52. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm’s fifty day simple moving average is $45.75 and its 200 day simple moving average is $40.02.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. As a group, research analysts predict that The Carlyle Group will post 3.98 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be paid a $0.35 dividend. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Hedge funds have recently bought and sold shares of the business. SYSTM Wealth Solutions LLC purchased a new position in The Carlyle Group during the first quarter valued at $34,000. CVA Family Office LLC bought a new position in The Carlyle Group during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the fourth quarter worth $38,000. Global Retirement Partners LLC grew its position in The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares in the last quarter. Finally, Clear Street Markets LLC purchased a new stake in The Carlyle Group during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

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.