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

Carlyle Group Inc. (NASDAQ:CG) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $65.5714.

A number of research firms recently commented on CG. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Royal Bank Of Canada began coverage on Carlyle Group in a research note on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price target for the company. BMO Capital Markets decreased their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group decreased their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, TD Cowen lifted their price target on Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 27th.

Carlyle Group Stock Up 2.6%

Shares of NASDAQ CG opened at $51.29 on Wednesday. Carlyle Group has a 1 year low of $39.48 and a 1 year high of $69.85. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.09 and a beta of 1.89. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. The stock’s 50-day simple moving average is $48.99 and its 200-day simple moving average is $54.66.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm’s revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. As a group, equities analysts anticipate that Carlyle Group will post 4.37 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, February 13th. Carlyle Group’s payout ratio is presently 64.22%.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlyle Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC acquired a new position in Carlyle Group in the first quarter valued at approximately $206,000. D.A. Davidson & CO. boosted its stake in Carlyle Group by 3.2% in the first quarter. D.A. Davidson & CO. now owns 22,318 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 686 shares during the period. Bank of New York Mellon Corp boosted its stake in Carlyle Group by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock valued at $99,086,000 after acquiring an additional 23,065 shares during the period. Sanctuary Advisors LLC boosted its stake in Carlyle Group by 2.1% in the first quarter. Sanctuary Advisors LLC now owns 37,971 shares of the financial services provider’s stock valued at $1,837,000 after acquiring an additional 767 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in Carlyle Group by 12.3% in the first quarter. Bleakley Financial Group LLC now owns 36,787 shares of the financial services provider’s stock valued at $1,780,000 after acquiring an additional 4,026 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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.