The Carlyle Group (NASDAQ:CG) Price Target Cut to $64.00 by Analysts at Deutsche Bank Aktiengesellschaft

The Carlyle Group (NASDAQ:CGGet Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $68.00 to $64.00 in a research note released on Thursday, The Fly reports.

A number of other research analysts have also commented on the company. The Goldman Sachs Group cut their price target on The Carlyle Group from $66.00 to $56.00 and set a buy rating for the company in a report on Tuesday, March 29th. Morgan Stanley cut their target price on The Carlyle Group from $59.00 to $54.00 and set an equal weight rating for the company in a research note on Wednesday, April 20th. Oppenheimer increased their price objective on The Carlyle Group from $71.00 to $80.00 in a research note on Wednesday, April 13th. BMO Capital Markets dropped their price objective on The Carlyle Group from $69.00 to $60.00 in a research note on Friday, April 29th. Finally, StockNews.com cut The Carlyle Group from a hold rating to a sell rating in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $58.45.

NASDAQ CG traded up $1.27 on Thursday, hitting $36.50. 11,638 shares of the company were exchanged, compared to its average volume of 3,353,881. The company’s 50 day moving average price is $42.27 and its 200-day moving average price is $48.52. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market capitalization of $13.20 billion, a P/E ratio of 4.79, a price-to-earnings-growth ratio of 0.37 and a beta of 1.55. The Carlyle Group has a twelve month low of $34.62 and a twelve month high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last issued its earnings results on Thursday, April 28th. The financial services provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.28). The business had revenue of $779.50 million during the quarter, compared to analyst estimates of $1.06 billion. The Carlyle Group had a net margin of 33.77% and a return on equity of 41.54%. The Carlyle Group’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, equities analysts expect that The Carlyle Group will post 4.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Tuesday, May 10th were paid a dividend of $0.325 per share. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.25. This represents a $1.30 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, May 9th. The Carlyle Group’s payout ratio is currently 17.69%.

In related news, major shareholder Carlyle Group Inc. sold 85,323 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $57.13, for a total value of $4,874,502.99. Following the completion of the sale, the insider now directly owns 41,671,945 shares in the company, valued at approximately $2,380,718,217.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 93,969 shares of company stock valued at $5,369,291 over the last quarter. 29.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CG. Morgan Stanley grew its position in shares of The Carlyle Group by 61.3% in the 2nd quarter. Morgan Stanley now owns 16,028,163 shares of the financial services provider’s stock valued at $744,989,000 after buying an additional 6,093,214 shares during the last quarter. BlackRock Inc. raised its stake in The Carlyle Group by 3.0% during the 3rd quarter. BlackRock Inc. now owns 7,994,579 shares of the financial services provider’s stock worth $377,986,000 after buying an additional 229,873 shares during the period. Alliancebernstein L.P. raised its stake in The Carlyle Group by 64.5% during the 3rd quarter. Alliancebernstein L.P. now owns 143,158 shares of the financial services provider’s stock worth $6,769,000 after buying an additional 56,150 shares during the period. Pictet & Cie Europe SA acquired a new position in The Carlyle Group during the 3rd quarter worth approximately $201,000. Finally, Creative Planning raised its stake in The Carlyle Group by 40.4% during the 3rd quarter. Creative Planning now owns 8,255 shares of the financial services provider’s stock worth $390,000 after buying an additional 2,375 shares during the period. 93.84% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Company Profile (Get Rating)

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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