Carlyle Group Inc. (NASDAQ:CG) Receives $61.29 Consensus PT from Analysts

Carlyle Group Inc. (NASDAQ:CG – Get Free Report) has been given an average rating of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $60.7143.

CG has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Carlyle Group from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. reduced their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Citizens Jmp lowered their price objective on Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Morgan Stanley reduced their target price on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group lowered their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 7th.

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Hedge Funds Weigh In On Carlyle Group

Several institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in shares of Carlyle Group by 2.2% during the second quarter. Handelsbanken Fonder AB now owns 68,200 shares of the financial services provider’s stock worth $2,872,000 after acquiring an additional 1,500 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Carlyle Group by 10.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 10,322 shares of the financial services provider’s stock valued at $435,000 after buying an additional 972 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Carlyle Group in the 2nd quarter valued at $11,127,000. MassMutual Private Wealth & Trust FSB raised its stake in Carlyle Group by 36.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 258 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Carlyle Group by 27.1% in the first quarter. Empowered Funds LLC now owns 15,199 shares of the financial services provider’s stock valued at $735,000 after acquiring an additional 3,237 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Price Performance

NASDAQ:CG opened at $46.07 on Monday. The stock has a 50 day moving average of $44.86 and a two-hundred day moving average of $50.69. Carlyle Group has a 12 month low of $39.60 and a 12 month high of $69.85. The firm has a market cap of $16.58 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92.

Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. On average, analysts expect that Carlyle Group will post 3.9 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio is currently 95.89%.

Carlyle Group Company Profile

(Get Free Report)

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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