The Carlyle Group (NASDAQ:CG) Price Target Cut to $68.00

The Carlyle Group (NASDAQ:CG) had its price objective reduced by Oppenheimer from $74.00 to $68.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on CG. TheStreet downgraded The Carlyle Group from a b- rating to a c rating in a report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. JMP Securities raised their price target on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a market outperform rating in a report on Thursday, February 8th. Citigroup boosted 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. Finally, TD Cowen assumed coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They issued a market perform rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of Hold and an average price target of $44.25.

The Carlyle Group Stock Up 1.2 %

Shares of The Carlyle Group stock traded up $0.48 during trading on Thursday, hitting $41.06. 2,767,766 shares of the stock traded hands, compared to its average volume of 2,097,171. The Carlyle Group has a 52-week low of $25.20 and a 52-week high of $48.52. The stock’s fifty day simple moving average is $45.75 and its 200 day simple moving average is $40.09. The firm has a market cap of $14.87 billion, a P/E ratio of -22.94, a price-to-earnings-growth ratio of 0.87 and a beta of 1.77. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business 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 business posted $0.63 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, equities analysts predict that The Carlyle Group will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors 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 annualized dividend and a yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. acquired 190,000 shares of The Carlyle Group stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Institutional investors have recently made changes to their positions in the company. SYSTM Wealth Solutions LLC purchased a new position in shares of The Carlyle Group in the 1st quarter valued at about $34,000. Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of The Carlyle Group during the 4th quarter worth approximately $35,000. GAMMA Investing LLC acquired a new stake in The Carlyle Group in the 4th quarter valued at $38,000. Finally, Compass Wealth Management LLC purchased a new stake in The Carlyle Group in the 1st quarter worth $57,000. 55.88% of the stock is owned by hedge funds and other 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.