Brokerages Set Carlyle Group Inc. (NASDAQ:CG) PT at $60.87

Shares of Carlyle Group Inc. (NASDAQ:CG) have received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $61.4667.

A number of brokerages have recently commented on CG. JMP Securities raised their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. BMO Capital Markets began coverage on Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price on the stock. Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a report on Thursday, July 10th. Finally, Barclays reaffirmed an “overweight” rating and issued a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th.

Carlyle Group Stock Up 0.3%

CG stock opened at $57.14 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group has a 52 week low of $33.02 and a 52 week high of $69.85. The stock has a market capitalization of $20.67 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.21 and a beta of 2.00. The firm has a 50 day moving average of $63.56 and a 200 day moving average of $53.27.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. Carlyle Group’s dividend payout ratio is presently 40.94%.

Insiders Place Their Bets

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 26.30% of the company’s stock.

Institutional Trading of Carlyle Group

Several large investors have recently added to or reduced their stakes in CG. Norges Bank acquired a new stake in Carlyle Group during the second quarter worth about $150,122,000. Vanguard Group Inc. raised its position in shares of Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after buying an additional 1,131,514 shares during the period. Alkeon Capital Management LLC grew its position in Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares during the period. Azora Capital LP purchased a new stake in Carlyle Group in the second quarter valued at $30,791,000. Finally, Citigroup Inc. boosted its stake in Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after buying an additional 516,761 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

About 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.