The Carlyle Group (NASDAQ:CG) PT Lowered to $48.00

The Carlyle Group (NASDAQ:CG) had its price target decreased by The Goldman Sachs Group from $54.00 to $48.00 in a report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. JMP Securities upped their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a market outperform rating in a report on Thursday, February 8th. Morgan Stanley lifted their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an equal weight rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reissued a market perform rating and set a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research note on Thursday. Citigroup lifted their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a report on Thursday, February 8th. Finally, Oppenheimer reduced their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an outperform rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of $44.25.

The Carlyle Group Price Performance

CG traded up $0.48 during midday trading on Thursday, hitting $41.06. The stock had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.27 and a current ratio of 2.53. The Carlyle Group has a 1 year low of $25.20 and a 1 year high of $48.52. The company has a market cap of $14.87 billion, a P/E ratio of -22.94, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77. The business has a fifty day moving average of $45.75 and a 200 day moving average of $40.09.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. During the same period in the prior year, the firm posted $0.63 EPS. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. boosted its holdings in shares of The Carlyle Group by 5.9% in the first quarter. Daiwa Securities Group Inc. now owns 14,473 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 800 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in The Carlyle Group by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 81,712 shares of the financial services provider’s stock worth $3,833,000 after purchasing an additional 1,193 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in The Carlyle Group during the first quarter valued at about $256,000. Private Advisor Group LLC increased its position in shares of The Carlyle Group by 43.8% in the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 2,593 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in The Carlyle Group by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 271,841 shares of the financial services provider’s stock worth $12,752,000 after purchasing an additional 713 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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.