Brokerages Set The Carlyle Group Inc. (NASDAQ:CG) PT at $42.00

Shares of The Carlyle Group Inc. (NASDAQ:CG) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.07.

CG has been the topic of several research reports. UBS Group upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday. Barclays raised their price objective on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Citigroup lifted their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.00% of the stock is owned by corporate insiders.

Institutional Trading of The Carlyle Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares during the period. Toroso Investments LLC lifted its stake in shares of The Carlyle Group by 1.9% in the 4th quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 304 shares during the period. Intrepid Capital Management Inc. boosted its position in shares of The Carlyle Group by 2.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 305 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of The Carlyle Group by 2.3% during the third quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider’s stock worth $507,000 after buying an additional 372 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in The Carlyle Group by 4.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after buying an additional 385 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

NASDAQ:CG opened at $45.27 on Tuesday. The firm’s fifty day moving average is $45.75 and its two-hundred day moving average is $38.73. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 0.98 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm’s revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. Research analysts expect that The Carlyle Group will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.09%. The Carlyle Group’s payout ratio is currently -82.84%.

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.