The Carlyle Group (NASDAQ:CG) Given “Market Perform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of The Carlyle Group (NASDAQ:CG) in a research report sent to investors on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $48.00 price objective on the financial services provider’s stock, down from their prior price objective of $50.00.

A number of other brokerages have also recently commented on CG. Citigroup lifted their price objective on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a neutral rating in a research note on Thursday, February 8th. JMP Securities upped their price objective on The Carlyle Group from $52.00 to $58.00 and gave the company a market outperform rating in a research report on Thursday, February 8th. TD Cowen initiated coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a market perform rating and a $42.00 target price on the stock. Morgan Stanley lifted their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an equal weight rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an overweight rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $44.25.

The Carlyle Group Stock Performance

CG traded up $0.48 during trading on Thursday, hitting $41.06. The company’s stock had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. The business’s 50 day simple moving average is $45.75 and its 200-day simple moving average is $40.02. The company has a quick ratio of 2.27, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The firm has a market cap of $14.87 billion, a PE ratio of -22.94, a P/E/G ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. As a group, sell-side analysts predict that The Carlyle Group will post 3.98 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a $0.35 dividend. 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 payout ratio is -78.21%.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the purchase, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.20% of the stock is owned by company insiders.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of CG. SG Americas Securities LLC acquired a new position in shares of The Carlyle Group during the third quarter valued at $755,000. Asset Management One Co. Ltd. increased its stake in The Carlyle Group by 13.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock valued at $2,544,000 after buying an additional 10,317 shares during the period. Commonwealth Equity Services LLC raised its holdings in The Carlyle Group by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock worth $3,293,000 after purchasing an additional 821 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in The Carlyle Group by 36.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock valued at $972,000 after buying an additional 8,664 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of The Carlyle Group by 21.0% in the 3rd quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock worth $13,378,000 after purchasing an additional 76,888 shares in the last quarter. Hedge funds and other 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.