The Carlyle Group (CG) – Analysts’ Weekly Ratings Updates

Posted by George Bondi on Nov 12th, 2024

The Carlyle Group (NASDAQ: CG) recently received a number of ratings updates from brokerages and research firms:

11/11/2024 – The Carlyle Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $78.00 to $85.00. They now have an “outperform” rating on the stock.
11/8/2024 – The Carlyle Group had its price target raised by analysts at Barclays PLC from $50.00 to $57.00. They now have an “overweight” rating on the stock.
11/8/2024 – The Carlyle Group had its price target raised by analysts at Keefe, Bruyette & Woods from $51.00 to $55.00. They now have a “market perform” rating on the stock.
11/8/2024 – The Carlyle Group had its price target raised by analysts at TD Cowen from $43.00 to $49.00. They now have a “hold” rating on the stock.
10/23/2024 – The Carlyle Group had its price target raised by analysts at JPMorgan Chase & Co. from $44.00 to $50.00. They now have a “neutral” rating on the stock.
10/22/2024 – The Carlyle Group had its price target raised by analysts at UBS Group AG from $43.00 to $54.00. They now have a “neutral” rating on the stock.
10/16/2024 – The Carlyle Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $64.00 to $78.00. They now have an “outperform” rating on the stock.
10/14/2024 – The Carlyle Group had its price target raised by analysts at Evercore ISI from $45.00 to $47.00. They now have an “in-line” rating on the stock.
10/10/2024 – The Carlyle Group had its price target raised by analysts at Morgan Stanley from $46.00 to $50.00. They now have an “equal weight” rating on the stock.
10/9/2024 – The Carlyle Group had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $60.00 price target on the stock.
10/9/2024 – The Carlyle Group had its price target raised by analysts at Wells Fargo & Company from $42.00 to $48.00. They now have an “equal weight” rating on the stock.
10/7/2024 – The Carlyle Group had its price target raised by analysts at Barclays PLC from $46.00 to $50.00. They now have an “overweight” rating on the stock.

The Carlyle Group Trading Down 2.9 %

Shares of CG traded down $1.53 during trading hours on Tuesday, hitting $51.77. The company had a trading volume of 1,530,085 shares, compared to its average volume of 2,351,737. The firm has a market cap of $18.45 billion, a P/E ratio of 178.52, a P/E/G ratio of 1.33 and a beta of 1.70. The stock’s 50 day moving average price is $45.88 and its 200 day moving average price is $43.47. The company has a quick ratio of 2.55, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 52-week low of $29.56 and a 52-week high of $54.52.

The Carlyle Group (NASDAQ:CG – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. On average, research analysts predict that The Carlyle Group Inc. will post 3.72 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.70%. The Carlyle Group’s payout ratio is currently 482.76%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,676,014 shares of company stock worth $3,687,196 in the last three months. Insiders own 27.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors purchased a new stake in shares of The Carlyle Group during the 1st quarter valued at about $142,511,000. Boston Partners bought a new position in shares of The Carlyle Group during the first quarter valued at approximately $109,122,000. Massachusetts Financial Services Co. MA boosted its stake in shares of The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after purchasing an additional 1,705,982 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $37,009,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of The Carlyle Group in the 1st quarter worth approximately $23,455,000. Institutional investors own 55.88% of the company’s stock.

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.