The Carlyle Group (NASDAQ:CG) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of The Carlyle Group (NASDAQ:CG) from a sell rating to a hold rating in a research report report published on Tuesday.

A number of other equities research analysts have also recently commented on CG. Redburn Atlantic began coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday. UBS Group increased their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Price Performance

NASDAQ CG opened at $52.27 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.55 and a current ratio of 2.32. The business’s fifty day moving average is $46.16 and its 200 day moving average is $43.52. The company has a market capitalization of $18.63 billion, a PE ratio of 180.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The Carlyle Group has a fifty-two week low of $29.56 and a fifty-two week high of $54.52.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that The Carlyle Group will post 3.72 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.68%. The Carlyle Group’s payout ratio is presently 482.76%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,676,014 shares of company stock valued at $3,687,196 over the last three months. 27.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Carlyle Group

Several hedge funds have recently bought and sold shares of CG. Tobam bought a new stake in shares of The Carlyle Group during the second quarter valued at approximately $27,000. Blue Trust Inc. raised its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of The Carlyle Group during the 2nd quarter worth $50,000. 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group during the first quarter valued at $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares in the last quarter. 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.