Carlyle Group Inc. (NASDAQ:CG) Stock Has Average Target Price of $54.60 According to Brokerages

Shares of Carlyle Group Inc. (NASDAQ:CG – Get Free Report) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $54.60.

Several brokerages recently weighed in on CG. Piper Sandler dropped their price objective on Carlyle Group from $54.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen decreased their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Evercore set a $51.00 target price on Carlyle Group in a research report on Thursday, August 6th. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Barclays dropped their target price on shares of Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, October 8th.

Check Out Our Latest Stock Report on Carlyle Group

Insiders Place Their Bets

In other Carlyle Group news, Director David Rubenstein sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the sale, the director owned 26,899,644 shares in the company, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 25.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Carlyle Group during the 2nd quarter worth $1,346,848,000. William Blair Investment Management LLC acquired a new position in Carlyle Group in the 2nd quarter worth about $249,077,000. Legal & General Group Plc bought a new position in Carlyle Group in the second quarter valued at about $162,984,000. Amundi raised its position in Carlyle Group by 419.0% in the second quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock valued at $143,427,000 after purchasing an additional 2,749,781 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Carlyle Group by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock valued at $99,086,000 after purchasing an additional 23,065 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Up 2.1%

NASDAQ CG opened at $37.31 on Wednesday. The business has a fifty day moving average price of $43.03 and a two-hundred day moving average price of $45.24. The stock has a market capitalization of $13.29 billion, a PE ratio of 38.86, a PEG ratio of 1.07 and a beta of 1.88. Carlyle Group has a fifty-two week low of $35.41 and a fifty-two week high of $67.30. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue for the quarter was down 28.6% compared to the same quarter last year. Equities analysts expect that Carlyle Group will post 3.56 earnings per share 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 $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.8%. Carlyle Group’s dividend payout ratio is presently 145.83%.

About Carlyle Group

(Get Free Report)

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.

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Analyst Recommendations for Carlyle Group (NASDAQ:CG)

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