Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) Price Target at $51.07

The Carlyle Group Inc. (NASDAQ:CG) has received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.33.

A number of equities research analysts have recently commented on CG shares. Morgan Stanley lowered their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. JMP Securities lowered their target price on shares of The Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their price target on The Carlyle Group from $47.00 to $46.00 and set an “underperform” rating on the stock in a research note on Friday, April 4th. Wells Fargo & Company decreased their price objective on The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI increased their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 12th.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the 4th quarter worth approximately $25,000. National Pension Service acquired a new stake in The Carlyle Group during the fourth quarter worth $25,000. Whipplewood Advisors LLC increased its holdings in The Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock valued at $25,000 after buying an additional 561 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of The Carlyle Group by 149.3% during the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of The Carlyle Group by 101.9% during the 1st 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 in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $46.71 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group has a one year low of $33.02 and a one year high of $57.50. The company has a market cap of $16.87 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The business has a fifty day moving average of $40.98 and a two-hundred day moving average of $47.81.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. As a group, analysts predict that The Carlyle Group will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.00%. The Carlyle Group’s dividend payout ratio (DPR) is 47.46%.

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.