The Carlyle Group Inc. (NASDAQ:CG – Get a rating) received an average recommendation of “Hold” from the eighteen rating agencies that cover the company, Marketbeat.com reports. Two investment analysts rated the stock with a sell recommendation, five gave the company a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock in the past year is $43.97.
Several equity analysts have recently weighed in on CG shares. Jefferies Financial Group downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating and reduced its target price for the company from $55.00 to $38.00 in a research note from the Tuesday, August 9. Deutsche Bank Aktiengesellschaft lowered its price target on The Carlyle Group from $43.00 to $36.00 and placed a “buy” rating on the stock in a Wednesday, October 12 research report. Bank of America reaffirmed an “underperforming” rating and issued a $34.00 price target on The Carlyle Group shares in a research note on Thursday, October 6. JMP Securities cut its price target on The Carlyle Group shares from $60.00 to $58.00 and set a “market outperformance” rating for the company in a Tuesday, October 11 report. Finally, UBS Group raised its price target on Carlyle Group shares from $34.00 to $40.00 and gave the company a “neutral” rating in a Monday, Aug. 1 research report.
The Carlyle group is up 0.3%
Shares of The action of the Carlyle group opened at $26.49 on Tuesday. The company has a debt ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market capitalization of $9.57 billion, a PE ratio of 4.84, a P/E/G ratio of 0.29 and a beta of 1.69. The Carlyle Group has a 1-year low of $24.59 and a 1-year high of $60.62. The company’s fifty-day simple moving average is $29.87 and its 200-day simple moving average is $34.18.
The Carlyle Group (NASDAQ:CG – Get a rating) last released its results on Thursday, July 28. The financial services provider reported earnings per share (EPS) of $1.17 for the quarter, beating the consensus estimate of $1.11 by $0.06. The company posted revenue of $1.16 billion in the quarter, compared to analysts’ estimates of $1.17 billion. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. As a group, stock analysts expect The Carlyle Group to post 3.9 earnings per share for the current year.
The Carlyle Group announces dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 16. Shareholders of record on Tuesday, August 9 received a dividend of $0.325 per share. The ex-dividend date was Monday, August 8. This represents a dividend of $1.30 on an annualized basis and a dividend yield of 4.91%. The Carlyle Group payout ratio is 23.77%.
Insider buying and selling
In related news, major shareholder Carlyle Group Inc. sold 9,925 shares of the company in a trade on Wednesday August 17. The stock was sold at an average price of $20.25, for a total value of $200,981.25. Following completion of the transaction, the insider now owns 2,960,231 shares of the company, valued at approximately $59,944,677.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Separately, CFO Curtis L. Buser sold 38,890 shares of the company in a trade dated Monday, Aug. 1. The stock was sold at an average price of $37.85, for a total value of $1,471,986.50. Following the completion of the transaction, the CFO now owns 1,094,484 shares of the company, valued at approximately $41,426,219.40. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, major shareholder Carlyle Group Inc. sold 9,925 shares of the company in a transaction dated Wednesday, August 17. The stock was sold at an average price of $20.25, for a total value of $200,981.25. Following the sale, the insider now directly owns 2,960,231 shares of the company, valued at $59,944,677.75. Disclosure of this sale can be found here. Insiders have sold 630,787 shares of the company worth $29,311,622 in the past three months. Company insiders own 29.80% of the company’s stock.
Institutional entries and exits
A number of large investors have recently changed their holdings in CG. Augustine Asset Management Inc. increased its position in The Carlyle Group by 1.9% during the third quarter. Augustine Asset Management Inc. now owns 63,680 shares of the financial services provider worth $1,645,000 after acquiring 1,158 additional shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of The Carlyle Group by 2.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 568,130 shares of the financial services provider worth $14,680,000 after buying an additional 13,792 shares last quarter. Jeppson Wealth Management LLC increased its stake in The Carlyle Group by 8.7% in the third quarter. Jeppson Wealth Management LLC now owns 28,445 shares of the financial services provider valued at $735,000 after buying 2,281 additional shares last quarter. Parkside Investments LLC increased its holdings of The Carlyle Group shares by 65.4% during the third quarter. Parkside Investments LLC now owns 43,000 shares of the financial services provider worth $1,111,000 after buying an additional 17,000 shares last quarter. Finally, Retirement Planning Co of New England Inc. increased its stake in shares of The Carlyle Group by 23.5% in the third quarter. Retirement Planning Co of New England Inc. now owns 9,242 shares of the financial services provider worth $238,000 after buying 1,761 additional shares in the last quarter. Institutional investors and hedge funds hold 94.38% of the company’s shares.
Carlyle Group Company Profile
The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, company start-up , emerging growth, turnaround, middle business, late business, PIPES.
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