The Carlyle Group (NASDAQ:CG) PT Lowered to $47.00 at Barclays

The Carlyle Group (NASDAQ:CG) had its price target cut by Barclays from $56.00 to $47.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on CG. TD Cowen decreased their target price on The Carlyle Group from $49.00 to $45.00 and set a hold rating for the company in a research note on Thursday. Citigroup upped their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a neutral rating in a research note on Thursday, February 8th. Oppenheimer decreased their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an outperform rating on the stock in a research report on Thursday. 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 report on Thursday. Finally, The Goldman Sachs Group cut their price target on The Carlyle Group from $54.00 to $48.00 and set a buy rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $44.25.

The Carlyle Group Stock Performance

CG traded up $0.48 on Thursday, hitting $41.06. The company had a trading volume of 2,767,766 shares, compared to its average volume of 2,097,171. The Carlyle Group has a 1-year low of $25.20 and a 1-year high of $48.52. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.27. The company’s fifty day moving average price is $45.75 and its 200 day moving average price is $40.02. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of -22.94, a price-to-earnings-growth ratio of 0.86 and a beta of 1.77.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates 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 Carlyle Group’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Equities analysts predict that The Carlyle Group will post 3.98 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Monday, May 13th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SYSTM Wealth Solutions LLC acquired a new position in The Carlyle Group in the first quarter valued at about $34,000. CVA Family Office LLC bought a new position in The Carlyle Group during the 4th quarter worth approximately $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the fourth quarter valued at approximately $38,000. Global Retirement Partners LLC boosted its position in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. Finally, Clear Street Markets LLC bought a new stake in shares of The Carlyle Group in the 3rd quarter valued at $50,000. 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.