The Carlyle Group Inc. (NASDAQ:CG) Receives Consensus “Moderate Buy” Recommendation from Analysts
Shares of The Carlyle Group Inc. (NASDAQ: CG – Get a rating) earned an average recommendation of “Hold” from the twelve rating agencies that currently cover the stock, reports Marketbeat.com. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned the company a buy rating. The 12-month average target price among brokerages that have covered the stock over the past year is $58.11.
A number of research analysts have commented on the headline. JMP Securities assumed coverage for The Carlyle Group shares in a Wednesday, June 8 research note. They set an “outperform” rating and a price target of $60.00 for the company. BMO Capital Markets cut its price target on shares of The Carlyle Group from $69.00 to $60.00 in a Friday, April 29 research note. Goldman Sachs Group cut its price target on shares of The Carlyle Group from $58.00 to $48.00 and set a “buy” rating for the company in a Wednesday, June 29 research note. Deutsche Bank Aktiengesellschaft cut its price target on shares of The Carlyle Group from $64.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Oppenheimer raised his price target on Carlyle Group shares from $71.00 to $80.00 in a Wednesday, April 13 report.
The Carlyle Group is sourcing 4.9%
The NASDAQ CG opened at $32.02 on Friday. The company has a debt ratio of 1.25, a quick ratio of 2.65 and a current ratio of 2.65. The company has a 50-day simple moving average of $34.99 and a 200-day simple moving average of $42.39. The Carlyle Group has a 12-month low of $30.01 and a 12-month high of $60.62. The stock has a market capitalization of $11.58 billion, a PE ratio of 4.36, a PEG ratio of 0.32 and a beta of 1.59.
The Carlyle Group (NASDAQ:CG – Get a rating) last released its results on Thursday, April 28. The financial services provider reported earnings per share of $0.74 for the quarter, missing the consensus estimate of $0.98 per ($0.24). The company posted revenue of $779.50 million in the quarter, versus a consensus estimate of $1.06 billion. The Carlyle Group had a net margin of 33.77% and a return on equity of 41.54%. The company’s quarterly revenue increased 27.3% year over year. In the same quarter a year earlier, the company posted EPS of $0.58. On average, research analysts expect The Carlyle Group to post EPS of 3.98 for the current year.
The Carlyle Group increases its dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 17. Investors of record on Tuesday, May 10 received a dividend of $0.325. The ex-dividend date was Monday, May 9. This represents a dividend of $1.30 on an annualized basis and a dividend yield of 4.06%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.25. The Carlyle Group’s dividend payout ratio (DPR) is currently 17.69%.
Insider Activity at The Carlyle Group
In related news, the director David M. Rubenstein sold 2,000,000 shares of the company in a transaction that took place on Monday, June 6. The shares were sold at an average price of $38.67, for a total value of $77,340,000.00. Following the completion of the sale, the director now owns 29,249,644 shares of the company, valued at $1,131,083,733.48. The sale was disclosed in a document filed with the SEC, accessible via the SEC website. 29.80% of the shares are currently held by insiders of the company.
Carlyle Group Institutional Negotiation
Institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in shares of The Carlyle Group by 117.6% during the second quarter. Westside Investment Management Inc. now owns 1,284 shares of the financial services provider worth $40,000 after buying an additional 694 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of The Carlyle Group by 50.9% during the second quarter. IFM Investors Pty Ltd now owns 33,565 shares of the financial services provider worth $1,063,000 after buying an additional 11,325 shares last quarter. Gofen & Glossberg LLC IL increased its position in shares of The Carlyle Group by 15.2% during the second quarter. Gofen & Glossberg LLC IL now owns 30,250 shares of the financial services provider worth $958,000 after buying an additional 4,000 shares last quarter. Zhang Financial LLC increased its position in shares of The Carlyle Group by 6.1% during the second quarter. Zhang Financial LLC now owns 16,787 shares of the financial services provider worth $531,000 after buying 971 additional shares in the last quarter. Finally, LGT Capital Partners LTD. increased its position in shares of The Carlyle Group by 4.7% during the second quarter. LGT Capital Partners LTD. now owns 1,060,000 shares of the financial services provider worth $33,560,000 after purchasing an additional 47,788 shares in the last quarter. Institutional investors and hedge funds hold 93.84% of the company’s shares.
About The Carlyle Group
The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, business start-up , emerging growth, turnaround, middle business, late business, PIPES.
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