Shares of Carlyle Group Inc. (NASDAQ:CG – Get Free Report) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $62.00.
A number of equities research analysts have weighed in on CG shares. Barclays lowered their target price on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, May 8th. Weiss Ratings lowered Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. TD Cowen dropped their target price on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 18th. BMO Capital Markets dropped their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th.
Check Out Our Latest Analysis on CG
Carlyle Group Stock Performance
Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. Equities research analysts anticipate that Carlyle Group will post 4.05 earnings per share for the current year.
Carlyle Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s payout ratio is 95.89%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its stake in shares of Carlyle Group by 28.7% in the 3rd quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after acquiring an additional 23,901 shares during the last quarter. Swiss Life Asset Management Ltd increased its stake in shares of Carlyle Group by 162.3% during the third quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock valued at $7,518,000 after buying an additional 74,190 shares during the period. Vanguard Group Inc. lifted its holdings in Carlyle Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after buying an additional 714,428 shares during the period. Inceptionr LLC purchased a new stake in shares of Carlyle Group in the 3rd quarter worth about $1,440,000. Finally, Moore Capital Management LP purchased a new position in Carlyle Group during the third quarter valued at $42,014,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Carlyle Group Company Profile
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.
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