Carlyle Group Inc. (NASDAQ:CG) Given Average Rating of “Hold” by Brokerages

Carlyle Group Inc. (NASDAQ:CG) has been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $59.7857.

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Carlyle Group from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a report on Thursday. Evercore set a $51.00 price objective on shares of Carlyle Group in a report on Thursday. Finally, Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a report on Friday, May 8th.

Institutional Trading of Carlyle Group

A number of hedge funds and other institutional investors have recently modified their holdings of CG. Global Retirement Partners LLC purchased a new stake in Carlyle Group in the 2nd quarter valued at about $184,000. Bank of New York Mellon Corp acquired a new position in shares of Carlyle Group in the 2nd quarter worth approximately $84,540,000. Handelsbanken Fonder AB increased its holdings in Carlyle Group by 2.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 68,200 shares of the financial services provider’s stock valued at $2,872,000 after purchasing an additional 1,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Carlyle Group by 10.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 10,322 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 972 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Carlyle Group in the second quarter valued at $11,127,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Down 1.9%

Shares of CG opened at $48.88 on Friday. Carlyle Group has a one year low of $39.60 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.55 and a current ratio of 2.35. The stock has a 50 day moving average price of $44.74 and a 200 day moving average price of $48.93. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 50.92, a PEG ratio of 1.75 and a beta of 1.83.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. During the same period in the prior year, the business earned $0.87 earnings per share. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. Equities research analysts forecast that Carlyle Group will post 3.71 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Trending Headlines about Carlyle Group

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: New $600 million strategic partnership: Carlyle’s Global Credit platform will provide approximately $600 million in hybrid capital to Prime Capital Financial, receive a minority ownership stake and support the wealth-management firm’s expansion. The transaction values Prime Capital at more than $1.8 billion and could create future investment and fee-generating opportunities for Carlyle. Prime Capital Financial Announces Strategic Partnership With Carlyle to Accelerate Next Phase of Growth
• Positive Sentiment: Second-quarter earnings beat expectations: Carlyle reported adjusted EPS of $1.07 versus the $0.91 analyst consensus, while revenue of $1.11 billion exceeded estimates of approximately $923.5 million. Higher assets under management and performance revenues supported the beat. Carlyle Q2 Earnings Beat Estimates on Higher AUM, Expenses Rise Year over Year
• Positive Sentiment: Fundraising and distributions remain strong: Carlyle raised $17 billion and highlighted accelerating growth in private credit and private equity fundraising. Distributable earnings reached their highest level in nearly four years, while management cited a strong pace of exits and realizations. Carlyle Raises $17 Billion, Sees Private Credit and Private Equity Growth Accelerating
• Positive Sentiment: Analysts raised price targets: Citizens JMP lifted its target to $73 and maintained an outperform rating, while Keefe, Bruyette & Woods raised its target to $50 but retained a market-perform rating.
• Neutral Sentiment: Dividend maintained: Carlyle declared a quarterly dividend of $0.35 per share, payable August 26 to shareholders of record August 17. The annualized payout is approximately $1.40 per share, representing a yield near 2.9%. This supports income-oriented investors but does not materially change the company’s outlook.
• Negative Sentiment: Revenue declined year over year: Quarterly revenue fell 28.6% from the prior-year period, and expenses increased, highlighting the sensitivity of Carlyle’s results to realizations, performance fees and market conditions. The stock also remains near its 200-day moving average, suggesting investors may be cautious about the durability of the earnings improvement.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.