Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Recommendation of “Hold” from Analysts

Carlyle Group Inc. (NASDAQ:CG) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $62.00.

A number of analysts have recently issued reports on CG shares. The Goldman Sachs Group cut their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Cfra cut Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research note on Friday, May 8th. Morgan Stanley decreased their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets dropped their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th.

Hedge Funds Weigh In On Carlyle Group

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares during the last quarter. Morgan Stanley boosted its holdings in Carlyle Group by 0.8% during the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after buying an additional 84,228 shares in the last quarter. State Street Corp raised its holdings in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after buying an additional 1,720,483 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after purchasing an additional 117,223 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock valued at $294,817,000 after purchasing an additional 79,134 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Trading Down 2.4%

Carlyle Group stock opened at $45.69 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. Carlyle Group has a one year low of $41.54 and a one year high of $69.85. The stock has a 50-day moving average of $47.56 and a two-hundred day moving average of $52.89. The stock has a market cap of $16.45 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. On average, research analysts anticipate that Carlyle Group will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio is presently 95.89%.

Carlyle Group Company Profile

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.