The Carlyle Group Inc. (NASDAQ:CG – Get Free Report) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $47.13.
A number of research analysts recently issued reports on CG shares. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. UBS Group reduced their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Wells Fargo & Company began coverage on The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, Barclays boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday.
View Our Latest Analysis on CG
The Carlyle Group Stock Down 0.3 %
The Carlyle Group (NASDAQ:CG – Get Free Report) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. Analysts predict that The Carlyle Group will post 3.76 earnings per share for the current year.
The Carlyle Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were given a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.99%. The Carlyle Group’s dividend payout ratio is -78.21%.
Insiders Place Their Bets
In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the sale, the insider now directly owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 1,452,788 shares of company stock worth $55,023,207. Company insiders own 27.20% of the company’s stock.
Hedge Funds Weigh In On The Carlyle Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors bought a new stake in shares of The Carlyle Group in the first quarter worth approximately $142,511,000. Boston Partners purchased a new stake in The Carlyle Group during the 1st quarter valued at $109,122,000. Vanguard Group Inc. lifted its holdings in shares of The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of The Carlyle Group by 194.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after acquiring an additional 1,712,133 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after acquiring an additional 1,705,982 shares during the period. 55.88% of the stock is owned by 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.
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