The Carlyle Group Inc. (NASDAQ:CG) – Equities research analysts at Jefferies Financial Group upped their Q1 2021 earnings estimates for shares of The Carlyle Group in a research note issued on Sunday, April 11th. Jefferies Financial Group analyst G. O’hara now expects that the financial services provider will earn $0.56 per share for the quarter, up from their prior estimate of $0.47. Jefferies Financial Group also issued estimates for The Carlyle Group’s Q2 2021 earnings at $0.59 EPS and FY2021 earnings at $2.47 EPS.
CG has been the subject of several other research reports. Citigroup raised their price target on The Carlyle Group from $38.00 to $43.50 in a report on Monday, February 8th. Credit Suisse Group upgraded The Carlyle Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $42.00 in a report on Thursday, February 25th. Zacks Investment Research upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 12th. Barclays lifted their target price on The Carlyle Group from $36.00 to $39.00 in a report on Wednesday, February 24th. Finally, TheStreet upgraded The Carlyle Group from a “d+” rating to a “c” rating in a report on Friday, February 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $33.88.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Thursday, February 4th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.44 by $0.20. The Carlyle Group had a positive return on equity of 25.90% and a negative net margin of 5.38%. The firm had revenue of $629.70 million for the quarter, compared to the consensus estimate of $556.21 million. During the same quarter last year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 23rd. Shareholders of record on Tuesday, February 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Friday, February 12th. The Carlyle Group’s dividend payout ratio (DPR) is presently 58.82%.
In other news, insider Peter J. Clare sold 60,829 shares of the business’s stock in a transaction on Monday, February 1st. The stock was sold at an average price of $32.06, for a total value of $1,950,177.74. Following the completion of the transaction, the insider now directly owns 4,909,753 shares of the company’s stock, valued at approximately $157,406,681.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David M. Rubenstein sold 3,000,000 shares of the business’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $35.80, for a total value of $107,400,000.00. Following the transaction, the director now owns 39,249,644 shares in the company, valued at $1,405,137,255.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,408,085 shares of company stock valued at $121,498,912.
A number of institutional investors have recently bought and sold shares of CG. Crescent Capital Consulting LLC purchased a new stake in The Carlyle Group during the 4th quarter valued at about $31,000. Strs Ohio purchased a new stake in The Carlyle Group during the 4th quarter valued at about $50,000. Concord Wealth Partners purchased a new stake in The Carlyle Group during the 4th quarter valued at about $63,000. CWM LLC grew its stake in The Carlyle Group by 1,058.7% during the 4th quarter. CWM LLC now owns 2,665 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 2,435 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of The Carlyle Group in the fourth quarter worth about $107,000. Institutional investors and hedge funds own 33.08% of the company’s stock.
About The Carlyle Group
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.
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