The Carlyle Group Inc. (NASDAQ:CG) Receives $54.93 Average PT from Analysts

Shares of The Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $54.93.

Several research firms recently issued reports on CG. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI raised their price target on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods boosted 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.

The Carlyle Group Stock Down 5.7 %

Shares of NASDAQ CG opened at $43.55 on Friday. The stock has a market capitalization of $15.58 billion, a P/E ratio of 15.67, a PEG ratio of 0.98 and a beta of 1.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group has a one year low of $36.65 and a one year high of $57.50. The firm’s 50 day simple moving average is $52.17 and its two-hundred day simple moving average is $49.03.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, analysts expect that The Carlyle Group will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, February 21st. The Carlyle Group’s dividend payout ratio is presently 50.36%.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $25,000. National Pension Service purchased a new stake in shares of The Carlyle Group in the fourth quarter worth $25,000. Valley National Advisers Inc. raised its position in shares of The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Main Street Group LTD purchased a new stake in The Carlyle Group during the 4th quarter valued at about $29,000. Institutional investors own 55.88% of the company’s stock.

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.