Brokerages Set Carlyle Group Inc. (NASDAQ:CG) Price Target at $67.36

Carlyle Group Inc. (NASDAQ:CG) has earned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $67.3571.

CG has been the subject of several research analyst reports. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Wells Fargo & Company boosted their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Evercore ISI lowered their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Keefe, Bruyette & Woods reduced their price target on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th.

Carlyle Group Stock Performance

CG opened at $52.43 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.22 and a beta of 2.01. Carlyle Group has a 12-month low of $33.02 and a 12-month high of $69.85. The business has a 50 day moving average of $61.07 and a 200-day moving average of $55.29.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%. On average, equities research analysts expect that Carlyle Group will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. Carlyle Group’s payout ratio is currently 40.94%.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group during the 2nd quarter worth $26,000. Private Trust Co. NA grew its position in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 321 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Carlyle Group by 74.8% in the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 372 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

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.