The Carlyle Group Inc. (NASDAQ:CG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $54.00.
CG has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Oppenheimer increased their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. JMP Securities restated a "market outperform" rating and issued a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday.
Read Our Latest Report on The Carlyle Group
In other news, major shareholder Carlyle Group Inc. sold 92,905 shares of the business's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the sale, the insider now owns 3,155,461 shares in the company, valued at $7,162,896.47. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel A. D'aniello sold 495,542 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares of the company's stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,171,556 shares of company stock worth $29,222,475. Insiders own 27.20% of the company's stock.
Several institutional investors and hedge funds have recently modified their holdings of CG. FMR LLC increased its holdings in The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock worth $174,469,000 after buying an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider's stock worth $68,887,000 after acquiring an additional 1,705,982 shares in the last quarter. Marshall Wace LLP bought a new position in shares of The Carlyle Group during the 2nd quarter valued at $37,009,000. National Bank of Canada FI lifted its stake in shares of The Carlyle Group by 89.3% in the 2nd quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider's stock valued at $30,269,000 after purchasing an additional 360,729 shares during the last quarter. Finally, Phase 2 Partners LLC acquired a new position in The Carlyle Group during the third quarter worth $7,402,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CG opened at $52.64 on Friday. The business has a 50 day simple moving average of $51.21 and a 200-day simple moving average of $45.05. The Carlyle Group has a twelve month low of $36.65 and a twelve month high of $55.11. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 181.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period last year, the firm posted $0.87 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that The Carlyle Group will post 3.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.66%. The Carlyle Group's dividend payout ratio (DPR) is 482.76%.
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.
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