The Carlyle Group (NASDAQ:CG) PT Lowered to $53.00 at Deutsche Bank Aktiengesellschaft

The Carlyle Group (NASDAQ:CG) had its target price decreased by Deutsche Bank Aktiengesellschaft from $55.00 to $53.00 in a research report released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a buy rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an overweight rating to a neutral rating and reduced their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a market perform rating on the stock in a research note on Tuesday, August 6th. UBS Group reduced their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays cut their price target on shares of The Carlyle Group from $51.00 to $46.00 and set an overweight rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $45.43.

The Carlyle Group Trading Down 2.2 %

CG opened at $41.11 on Thursday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $14.79 billion, a PE ratio of -22.97, a PEG ratio of 1.38 and a beta of 1.75. The Carlyle Group has a 1-year low of $27.13 and a 1-year high of $50.92. The firm has a 50-day moving average price of $42.13 and a two-hundred day moving average price of $43.71.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. As a group, equities analysts anticipate that The Carlyle Group will post 3.87 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be issued a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $39.94, for a total value of $3,122,509.20. Following the transaction, the insider now directly owns 8,441,022 shares in the company, valued at $337,134,418.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 2,261,559 shares of company stock worth $82,700,460. Corporate insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after acquiring an additional 1,756,189 shares during the last quarter. Capital World Investors lifted its holdings in shares of The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after acquiring an additional 79,681 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after acquiring an additional 721,608 shares during the last quarter. Ariel Investments LLC lifted its holdings in shares of The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after acquiring an additional 54,805 shares during the last quarter. Finally, Norges Bank bought a new position in shares of The Carlyle Group in the fourth quarter worth about $130,771,000. Institutional investors own 55.88% of the company’s stock.

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.