Wall Street Zen upgraded shares of Carlyle Group (NASDAQ:CG – Free Report) from a sell rating to a hold rating in a research note published on Saturday.
A number of other analysts also recently commented on CG. Morgan Stanley set a $57.00 target price on Carlyle Group in a research report on Tuesday, July 21st. Citizens Jmp lifted their price target on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.31.
Check Out Our Latest Stock Report on CG
Carlyle Group Trading Down 0.3%
Carlyle Group (NASDAQ:CG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the previous year, the company earned $0.87 EPS. The company’s quarterly revenue was down 28.6% on a year-over-year basis. On average, research analysts anticipate that Carlyle Group will post 3.69 EPS for the current fiscal year.
Carlyle Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is presently 145.83%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Carlyle Group during the second quarter worth about $1,346,848,000. California State Teachers Retirement System lifted its stake in shares of Carlyle Group by 3,902.5% during the second quarter. California State Teachers Retirement System now owns 12,772,595 shares of the financial services provider’s stock valued at $537,854,000 after buying an additional 12,453,476 shares during the period. Morgan Stanley boosted its position in Carlyle Group by 0.8% during the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after acquiring an additional 84,228 shares during the last quarter. State Street Corp raised its holdings in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth $249,077,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
About Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.
Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.
Featured Stories
- Five stocks we like better than Carlyle Group
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.
