The Carlyle Group (NASDAQ:CG) PT Lowered to $41.00

The Carlyle Group (NASDAQ:CG) had its target price reduced by TD Cowen from $45.00 to $41.00 in a research note released on Monday morning, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Several other research analysts also recently commented on CG. Barclays decreased their price objective on The Carlyle Group from $56.00 to $47.00 and set an overweight rating on the stock in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set a buy rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on The Carlyle Group from $49.00 to $44.00 and set a hold rating on the stock in a report on Thursday, May 9th. Finally, UBS Group lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a neutral rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $44.93.

The Carlyle Group Trading Up 3.0 %

Shares of CG stock opened at $41.50 on Monday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average price of $41.49 and a two-hundred day moving average price of $42.95. The Carlyle Group has a 12-month low of $27.13 and a 12-month high of $48.52. The firm has a market cap of $14.94 billion, a P/E ratio of -23.18, a price-to-earnings-growth ratio of 1.14 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. Equities analysts anticipate that The Carlyle Group will post 3.9 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the transaction, the insider now owns 12,395,920 shares in the company, valued at approximately $498,687,861.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 808,771 shares of company stock worth $27,677,253. Company insiders own 27.20% of the company’s stock.

Institutional Trading of The Carlyle Group

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $7,631,000. New York State Teachers Retirement System bought a new stake in shares of The Carlyle Group in the 4th quarter worth approximately $1,349,000. Principal Financial Group Inc. lifted its position in The Carlyle Group by 4,693.0% in the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after acquiring an additional 777,863 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in The Carlyle Group in the 4th quarter valued at approximately $5,410,000. 55.88% of the stock is owned by institutional investors.

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.